How much money can you save processing your Purchasing Cards at Level 3?
If you are currently accepting Visa or MasterCard purchasing cards, you could benefit from lower processing expenses by processing those cards at Level 3. Level 3 requires the merchant to enter additional data on each transaction, such as: tax amount, customer code and line item detail.
The savings in interchange expense, which is the wholesale processing fee, between Level 2 processing and Level 3 processing is currently about half of one percent. How much does half a percent equate in savings to you?
EXAMPLE:
Monthly Purchasing Card Volume $20,000 x .50%
SAVINGS = $100 month / $1,200 per year
Monthly Purchasing Card Volume $50,000 x .50%
SAVINGS = $250 month / $3,000 per year
MonthlyPurchasing Card Volume $100,000 x .50%
SAVINGS = $500 month / $6,000 per year
In addition to significant cost savings to you, there is no cost to get setup with this program. If your existing credit card system does not support Level 3 processing, Renaissance Associates will provide you with their secure, web based system at no charge.
GET EDUCATED AND SAVE MONEY
Contact a Level 3 Purchasing Card specialist at Renaissance Associates today to get a no cost rate comparison for your business, 1-888-267-5772.