{"id":5459,"date":"2018-03-15T17:01:09","date_gmt":"2018-03-15T17:01:09","guid":{"rendered":"http:\/\/mscmerchant.com\/?page_id=5459"},"modified":"2024-04-10T10:01:13","modified_gmt":"2024-04-10T10:01:13","slug":"level-2-level-3-data","status":"publish","type":"page","link":"https:\/\/www.mscmerchant.com\/staging\/1108\/industries\/level-2-level-3-data\/","title":{"rendered":"Level 2\/ Level 3 Data"},"content":{"rendered":"\t\t
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Level 1, 2 and 3 Processing Explained\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tCredit card processing is sorted into three categories\u2014Level 1, Level 2 and Level 3 (Level I, Level II and Level III). \u200bThe benefit of Level 2 and 3 processing is the opportunity to significantly<\/i> reduce the cost of accepting payments<\/b>. When you acquire a new merchant account, you\u2019ll be placed into one of these 3 levels. Your credit card processing interchange rates are dependent on which level your merchant account has been assigned. Each level is determined by the amount of information (data) collected for each transaction.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Level 1 Processing (Level 1 Card Data)\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThe majority of businesses will be processing under Level 1. Business to consumer (B2C) merchants such as retail shops, e-tailers, restaurants \u2013 essentially, any businesses that take a majority consumer credit card payments. Level 1 processing only requires that the data include merchant name, transaction code and transaction date.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Level 2 and 3 Processing (Enterprise Solutions)\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Level 2 Processing (Level 2 Card Data)\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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These merchants will be accepting business, corporate and purchasing cards. At this level, the amount of information needed is greater than Level 1 processing. This includes the standard information required for Level 1 processing as well as data such as merchant zip code, customer code, sales tax, etc.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Level 3 Processing (Level 3 Card Data)\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Like Level 2 processing, merchants that get placed under Level 3 processing are going to be accepting commercial cards and\/or government cards from businesses and government agencies (B2G). The difference between the two is again, the amount of data\/information requirements, with Level 3 demanding the most. For example, a merchant must include line item details (e.g. invoice number, order number, freight amount) in addition to all the data required for Level 2, for each transaction. Under Level 3 processing, merchants get the best rate.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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WE WILL BEAT YOUR CURRENT PRICING. GUARANTEED! <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t<\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t$1000 RATE GUARANTEE<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Level 1, 2 and 3 Processing Explained Credit card processing is sorted into three categories\u2014Level 1, Level 2 and Level 3 (Level I, Level II and Level III). \u200bThe benefit of Level 2 and 3 processing is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":62,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-5459","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.mscmerchant.com\/staging\/1108\/wp-json\/wp\/v2\/pages\/5459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mscmerchant.com\/staging\/1108\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mscmerchant.com\/staging\/1108\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mscmerchant.com\/staging\/1108\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mscmerchant.com\/staging\/1108\/wp-json\/wp\/v2\/comments?post=5459"}],"version-history":[{"count":5,"href":"https:\/\/www.mscmerchant.com\/staging\/1108\/wp-json\/wp\/v2\/pages\/5459\/revisions"}],"predecessor-version":[{"id":7105,"href":"https:\/\/www.mscmerchant.com\/staging\/1108\/wp-json\/wp\/v2\/pages\/5459\/revisions\/7105"}],"up":[{"embeddable":true,"href":"https:\/\/www.mscmerchant.com\/staging\/1108\/wp-json\/wp\/v2\/pages\/62"}],"wp:attachment":[{"href":"https:\/\/www.mscmerchant.com\/staging\/1108\/wp-json\/wp\/v2\/media?parent=5459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}