What is Level 3.

Level-3 data provides descriptive line item detail about the products sold such as Product Part Number, Product Description, Quantity, Unit of Measure, Price and more.

"Level-1" card data is typically associated with consumer transactions and provides limited purchase data back to the cardholder.

"Level-2" data adds more information to benefit the corporate/government/industrial buyer, but the number of fields is limited because of the restricted data capture capabilities provided by most hardware-based POS terminals.

"Level-3" (also known as Level III) line item detail, which is equivalent to the information found on an itemized invoice, requires greater system capability and is provided through 3Delta Systems' payment applications.

 

 Comparative Example*

Data Type Level-1 Level-2 Level-3
Merchant Name      
Transaction Amount (Total)      
Date      
Tax Amount      
Customer Code (30 Char)      
Merchant Postal Code      
Tax Identification      
Merchant Minority Code      
Merchant State Code      
Ship from Postal Code      
Destination Postal Code      
Invoice Number      
Order Number      
Item Product Code      
Item Commodity Code      
Item Description      
Item Quantity      
Item Unit of Measure      
Item Extended Amount      
Freight Amount      
Duty Amount      
(*)This table is provided only for illustrative purposes and should not be construed as a listing of all the possible fields associated with each data level or that every processor will support all the possible data elements.

 


Potential avings from implementing a level 3 merchant account

Visa – MasterCard

Level II & III

Eligible

Interchange Categories

INTERCHANGE QUALIFICATION

Revolution

Competitors

Revolution Payment Systems

Potential Savings

Standard

Not Present

Data Rate I

Retail

Face to Face

Level II

Level III

Rate Reduction

Percentage

Savings

Visa Purchasing

2.95%

2.65%

2.40%

2.05%

1.95%

-1.00%

34%

Visa Corporate

2.95%

2.20%

2.10%

2.05%

1.95%

-1.00%

34%

Visa Business Enhanced

2.95%

2.45%

2.30%

2.05%

NA

-0.90%

31%

Visa Signature Business

2.95%

2.60%

2.40%

2.05%

NA

-0.90%

31%

MasterCard Purchasing

2.95%

2.65%

2.10%

2.10%

1.90%

-1.05%

36%

MasterCard Corporate

2.95%

2.65%

2.10%

2.10%

1.90%

-1.05%

36%

MasterCard Business

2.95%

2.65%

2.20%

2.20%

1.90%

-1.05%

36%

MasterCard Fleet

2.95%

2.65%

2.50%

2.50%

1.80%

-1.15%

39%

MC World Corporate

2.95%

2.65%

2.10%

2.10%

1.90%

-1.05%

36%

MC World Elite Business

3.17%

2.87%

2.42%

2.42%

2.02%

-1.15%

36%

MC Business Enhanced

3.07%

2.77%

2.32%

2.32%

1.92%

-1.15%

37%

The above is a sampling of July 2012 Visa and MasterCard Commercial Card Interchange Rates. Certain business types will experience different Interchange Categories. The Interchange Per Item pass-through fee also applies.