If you accept credit cards and your customers are mainly other businesses, there is a good change that you are leaving serious money on the table.
And we’re talking more than simply switching your fee structure to interchange plus pricing.
So how can I say that?
Well, if you’ve accepted credit cards for some time then you already know that corporate cards, purchasing cards, etc. process at a much higher rate than “normal” credit cards.
But what you may not know is that you can qualify for Level II and Level III pricing when it comes to processing certain card types.
Business Merchant Accounts Simplified…
So how does Level II and Level III pricing work?
Essentially, by passing additional information for each transaction you process, you will receive a better rate class for the business and corporate cards your process.
For Level II pricing, this typically means providing an invoice number as well as tax information.
Level III pricing includes providing even more information, allowing your customers to have line item detail for their purchases from you.
Now, this may seem like a lot of work.
Depending on who your current merchant account provider is, it can be a lot of work.
However, there are two important points to consider.
First, your typical savings can be between 30 and 80 basis points off your processing volume, depending on the type of transactions. That means if you process more than $15,000 per month (for example), the estimated savings can be between $45 and $120 per month.
Of course, if you process more than that each month you can save more…
Remember, these are just estimates. By getting a free merchant account review a qualified provider can accurately reflect the level of savings you can expect by receive…
Secondly, not all processing companies are the same, which is probably why you may not have heard of this special pricing program before.
That’s because there is no incentive on the part of merchant account companies to mention this program to you, since it doesn’t affect their profit margin. Only yours.
What’s more, some providers (such as Nationwide Payment Solutions) make it very easy for you to qualify for the price break, by helping to automate you payment process to include this additional information.
In other words, if providing this additional information doesn’t create more work for you, then why wouldn’t start providing Level II and Level III data?
It just makes perfect sense to do so, don’t you agree?
Get a No-Obligation Merchant Account Review
Isn’t it time to get a free review of your existing merchant account?
To get started simply request a merchant account review by clicking on the link below today…
Click the link for a free review of your
high volume merchant account >>>
Or if you prefer you can request competitive merchant account quotes from qualified providers that can help you get set up today.
Either way the choice is yours…
Do you need a merchant account?

