Sage is committed to providing you with new and innovative services that help grow your business, increase revenue, and maximize efficiency. And this new feature for Sage Payment Solutions proves just that.
For those that are wondering what Level 3 Credit Card Processing means exactly, then read on to learn more.
What is Level 3 Processing?
You see, B2B and B2G transactions are considered "lower risk" and carry much lower interchange rates. This means that merchants, like you, are charged less per transaction and for other fees like charge-backs.
In exchange for these lower rates, your credit card processing system must be able to transmit detailed information (such as merchant name, tax amount, customer code, duty amount, etc.) in order to complete each transaction.
That's where Level 3 Processing comes in. When you activate Level 3 Processing in Sage Payment Solutions, you can securely process government and corporate purchase cards and automatically provide the level of detail needed for each transaction.
What Are the Benefits?
- Sell to companies using purchase cards
- Sell to government agencies
- Save money on transaction costs
- Build relationships with large corporations and government agencies
- Simplify invoicing and reporting
- Eliminate the manual data entry of Level 3 Data
- Automatically add Level 3 Data to each transaction
How Do I Get Started?
To qualify for the lower interchange rates and start processing level 3 transactions, you must have a properly configured level 3 processing gateway in order to transmit the required data.
Contact your Sage ERP partner for more information.
Video: Level 3 Processing Activation in Sage 100 ERP
Video: Sage Billing and Payment with Level 3 Processing
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