Revolution Payments Reveals a Level III Credit Card Processing Solution for QuickBooks Online Users

Revolution Payments reveals a Level III Credit Card Processing solution for QuickBooks Online users. Level III processing can reduce a business' interchange expenses for accepting commercial cards by up to 43%.

Interchange accounts for the largest portion of a business' credit card processing fees (80% or more) and it's paid to card-issuing banks.

Visa and MasterCard allow purchase, fleet, commercial, business and government cards to qualify for lower interchange rates only when Level II and Level III processing detail is processed with a transaction.

Unfortunately, many businesses are not passing along the enhanced data required to receive these lower interchange rates; others are using software or a device that does not support Level III processing.

Revolution Payments automatically updates each transaction to level II/III interchange rates, without the need to manually enter this data or worry about human error.

This optimizes transactions to the lowest-possible interchange rate, increasing profit margins from interchange revenue.

Additional Features:

    Sale
    Receive Payment
    Credit Memo
    Invoice
    Sales Order
    Offline mode “ accept credit cards without having internet access and process those later
    Print payment receipts
    Performs transaction types like Authorize, Capture, Void, Credit, etc.
    Level II support for reduced credit card transaction fees
    Level III support for purchasing cards
    Accept credit card and electronic check payment

Businesses interested in learning more about Revolution Payments or the QuickBooks Online solution should contact Sean Jones at sean@ revolution-payments.com.
For business-to-business transactions, interchange fees fall into one of three processing categories - ‹Level 1, Level 2, and Level 3 - with 1 being the highest rates and 3 being the lowest.

Visa and MasterCard allow corporate, business, fleet, purchasing and government cards to qualify for lower interchange rates if level 2 or Level 3 processing data is passed with the transaction.

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