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Increase Your Access To Prime Contracts With Level 2 and 3 Processing
 What is Level 2 and Level 3 Card Processing?
Level 2 and Level 3 Card Processing is used by the Government and large corporations to make business-to-business, and business-to-government purchases. These transactions are typically authorized by end users using what are called Purchasing Cards, or ‘P’ Cards.
The Difference Between Level 2 and Level 3 Processing
The difference between Level 2 and Level 3 Card Processing is the amount of information presented and captured at the Point-Of-Sale. Level 3 provides specific purchase information such as item description, quantity, unit-of-measure, price and sales tax information, combined with detailed merchant and cardholder information. Level 2 captures less information than Level 3, but more than Level 1 information at the Consumer Level, which only provides card holder data. The more information you collect at the time of purchase, the lower the processing rate.
EIPP Cost Cutting Processing
Electronic Invoice Presentment and Payment Processing (EIPP) is a fairly new processing channel used by corporate business-to-business purchasing agents to present invoices and make payments through the Internet for goods and services. EIPP cuts down on processing costs while giving purchasing agents the ability to document and catalog inventory, forecast cashflow, earn early payment discounts, and streamline receivables.
Turning Level 2 & 3, and EIPP Processing Into Profit
Take advantage of these new technologies and increase your access to prime government and corporate contracts. You’ll save money with lower processing rates and reduced billing and collection costs.
Bottom Line Revenue Enhancing Benefits
It’s easy to see the benefits from Level 2, 3 and EIPP Processing. Rates are lower, and average transaction totals are much higher than Level 1 Consumer types because products are purchased in bulk. Charge backs are almost nonexistent, and the reporting standards are higher.
To learn more about the benefits of Level 2, 3 and EIPP Processing or to open an account with Infinity Data, please use our contact us link or for immediate assistance call toll free 866-746-8931.
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