Save up to 1.05% in processing fees for business and corporate credit cards
The CardPointe Virtual Terminal will automatically pass along Level 2 and Level 3 payment processing data on every transaction. As a result, if you are a business to business (B2B) or business to government (B2G) company and are accepting business card products for payment, we can lower your cost of interchange on purchasing, corporate and business cards you are processing by up to 1.05%.
How Level 2 and Level 3 payment processing works
Business card optimization
Level 2 and Level 3 payment processing data helps to lower the risk on business card, purchasing card or corporate credit card transactions. When Level 2 and Level 3 payment processing data is provided, the reduction in the cost of interchange can range from 0.90% to as high as 1.10%.
Here is an example of the savings available:
If your business were to process $50,000 in Visa Corporate Card Transactions, the savings on that one line item would be $550.
The CardPointe Virtual Terminal is perfect for Business to Business (B2B) and Business to Government (B2G) merchants.
Example #2 of savings with Level 2 and Level 3 payment processing data
Here is a cost comparison done for an independent distributor. Under Gateway Fees & CardConnect Interchange Optimization you will see a line item with the description CardConnect Level II and Level III Optimization.
In this instance, Clarity was able to offer the business very competitive pricing and a yearly savings in excess of $60,000 based purely on the strength of our optimization and automatically passing through Level 2 and Level 3 payment processing data. In this example, over 88% of the savings was due to optimization.
Updating your processing, not your workflow
At Clarity we understand that due to the detail required by the Card Brands, business owners can not be expected to enter in all the required Level 2 or Level 3 information even on one transaction, as other companies expect. For that reason we have taken that responsibility out of the hands of business owners and take care of it on the back end. Now that is powerful, not needing to change how you process and being able to lower your fees by up to 1.10%.