Save More on Every Qualified Transaction with Level 3 Processing*
Unlock access to lower interchange fees while strengthening compliance and security.
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The Advantages of Level 3 Processing
- Lower Interchange Fees*
Eligible transactions using larger business, corporate, fleet, or purchasing cards can qualify for lower interchange rates, helping you reduce your overall cost of acceptance.
- Built to Support Visa’s CEDP Program
Deluxe Payments Platform helps merchants meet the requirements of Visa’s Commercial Enablement Data Program (CEDP), which increases the likelihood of qualifying for Level 3 savings*.
- Simplify Reconciliation
Detailed transaction data makes it easier for your team and your customers to reconcile purchases and match invoices with payment records.
- Help Improve Authorization Accuracy and Fraud Protection
Providing more transaction data helps reduce risk, improve fraud detection, and increase authorization accuracy.
*Important Details to Know
*Level 3 interchange rates only apply to eligible transactions using specific Visa and Mastercard card types. Not all cards or transactions qualify. Lower interchange fees are not guaranteed and are subject to card brand rules and program requirements.
FAQ
Get Answers About Processing Payments
How does payment acceptance and processing work?
Payment processing comprises several steps but takes only a few seconds to complete. Here’s how it works:
A customer uses their debit/credit card to pay for goods or services.
The merchant’s payment processor authorizes the payment with the card’s network (Visa, Mastercard, etc.) and sends the information to the customer’s issuing bank.
The bank verifies the card is legitimate and whether the funds are available to cover the purchase, either approving or declining as appropriate.
The merchant then compiles (batches) all the day’s transactions and sends to their payment processor for the funds to be deposited to the merchant’s account and debited to the cardholder (the charge then appears on their monthly statement).
Do my payment needs change as my business grows?
Flexibility is key when it comes to payment solutions and advancements in technology continue to improve efficiencies and convenience for both you and your customers. That’s why having the right payment processing partner is so important to the success of your business. You need a payments partner that offers flexible pricing models based on your business needs, multiple hardware and software solutions that grow in tandem with your business, and PCI-compliant solutions that protect both you and your customers.
What is merchant services?
Merchant services is a broad term used to describe processing services that allow a business to accept credit/debit cards for payment through a secure network.
What payment types can a merchant’s business accept?
Businesses can accept traditional magnetic stripe cards, EMV chip cards, digital wallets and peer-to-peer payment options. Also, you should consider contactless payment options that allow you to serve customers on-the-go, over the phone and online with credit/debit cards and, depending on customer base, secure checks.
What is the difference between a payment processing vendor and a partner?
Anyone can sell you a product or service. A partner shares your vision and your values, and works with you to help you achieve your goals.