LEVEL 1, 2, 3 Credit Cards

Credit card transactions will match into one amongst 3 totally different categories: Level one, Level two or Level three process. With every level of process, there's an exact quantity of info and needs required for verification and authorization. This info will vary from terribly restricted to terribly elaborated, betting on the kind of consumers or purchasers your business serves. The additional info fields needed, the lower the process rates.

Level one credit card process refers to business-to-consumer (B2C) transactions, throughout that customers use their personal credit cards to create purchases each massive and tiny. The info needed for grade one dealing to go through is tiny, with simply the business person's name, dealing quantity and date required.

Level two credit card process refers to a additional elaborated dealings designed to support business-to-business (B2B) payment process. Business or government people need business-specific payment ways, with the flexibility to watch and Management Company and staff payment. Level two credit card process simplifies the B2B dealing, rising client service for your business patronage and providing them with additional correct dealings reports.

Level three credit card process needs the foremost careful info, and also the transactions are typically created with government or company getting cards. Government agencies and businesses use buying cards for increased reportage and a lot of management over worker purchases. the info fields needed for Level three process includes those from Level two transactions, additionally to variety of others like item product codes, item descriptions and quantities, item rate, ship from zip code, freight quantity, duty quantity, destination postcode, destination country code, and more.

Normally level II and level III cards are used by companies when they involve business to business (B2B) or business to customer (B2C) purchase cards (p-cards) in order reduce to the interchange and merchant bank fees. Here customer can enter additional transaction details like item level amounts, unit prices, discounts, sales taxes, VAT taxes, invoice and purchase order (PO) number to have less charges levied by the payment gateways, acquirers, merchant banks and card brands like Visa, Master Card, Amex, Discover.