Tag Archives: level 3 processing

Level 3 Gateway

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Level 3 payment processing requires a level 3 gateway, but most merchants don’t realize how big an impact gateway selection has on merchant fees paid.

Merchants selling to other businesses or the government benefit from Level 3 processing and the savings this provides on commercial, purchasing and government transactions by processing level 3 Data. What gateway companies won’t tell you, is that not only do you need to send special data, but there are a bunch of rules to qualify for Data Rate III interchange rates as shown in the image below. Don’t follow the rules, and you’ll pay Data Rate I or Standard.

level 3 interchange ratesWhat are the rules? For starters, there are additional fields that must be submitted with the transaction. All the level 3 gateways support submitting the data, though they may do it in different ways. There are other rules such as the authorization and settlement amount must match. It’s unrealistic to expect any user to know all the rules for any transaction to qualify at the lowest interchange rate, so a payment gateway that automates that process is critical. This is where most payment gateways fail. They can submit data, but have no intelligence to help merchants comply with qualification rules.

What gateway supports level 3 for retail, kiosk, mobile or any swiped transaction? CenPOS.

Gateways must certify level 3 to each acquirer, also known as payment processor, or credit card processor. The certifications can include for retail, retail EMV, MOTO (Mail Order Telephone Order), and ecommerce. Very few gateways certify level 3 for all sales channels. The only one I’m aware of that’s certified retail and retail EMV is CenPOS.

Gateways supporting level 3 for MOTO:

What level 3 gateway is compatible with First Data? CenPOS, First Data Global Gateway e4 – now called Payeezy. While CenPOS automates level III processing, First Data has multiple optional steps after the sale, leaving compliance up to the individual user; additionally, their method does not guarantee that all rules will be met to qualify for level III interchange rates. Authorize.net and Payflow Pro offer level III with certain API’s only.

What level 3 gateway is compatible with Vantiv or NPC? CenPOS

What level 3 gateway is compatible with Chase Paymentech? CenPOS, Paymentech Orbital, PayTrace. Paymentech and Paytrace have optional extra steps, leaving compliance up to the individual user; additionally, their methods do not guarantee that all rules will be met to qualify for level III interchange rates. Authorize.net and Payflow Pro offer level III with certain API’s only.

What level 3 gateway is compatible with Tsys? CenPOS, eProcessing Network, Authorize.net and Payflow Pro offer level III with certain API’s only

What level 3 gateway is compatible with Moneris? CenPOS

What about Revolution Payments, Vantage Card Services and other gateways not listed here? In most cases, the company is a reseller of a gateway listed above, not a gateway manufacturer. Network Merchants, LLC (NMI) distributes a white label solution that supports level 3 data, but there’s no public information about acquirer certification; BluePay and 3DSI also offer level 3, but it’s unclear what acquirers. Please add your suggestions in comments.

As of September 15, 2015, of the brands listed in this post, only CenPOS has both certified EMV terminals to accept chip cards with their gateway, and has also certified level 3 processing for all sales channels via any method, including API, virtual terminal, and online payments.

 

 

Level 3 Processing Payment Gateway

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Looking for level 3 processing payment gateway for your application? Whether you need retail, ecommerce, hosted pay page or something else, we have the solution.

level 3 interchange rates

The difference from Data Rate III to Commercial Standard is the data sent with the transaction. Swipe and card not present are both eligible for the same interchange rates in the example.

Choosing a gateway capable of level 3 processing is not enough. There’s a multitude of rules that must be followed for the lowest qualified interchange rate. Merchants desiring to maximize qualification will want a gateway that automates processes to ensure all the rules are met, not to just send level III enhanced data.

Keep your existing new merchant account with our omnichannel payment gateway.  If your processing doesn’t support level 3, we’ll help you get an account that does.

Contact Christine Speedy 954-942-0483 for a free trial and your business to business company can start qualifying for lower interchange rates almost instantly. If your application only supports specific gateways, we have solutions for that too.

Level 3 processing for Magento

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Looking for a level 3 processing gateway?

No new merchant account required with our omnichannel payment gateway that works with your existing financial partners. Contact us for a free Magento gateway module and your business to business company can start qualifying for lower interchange rates almost instantly.

Example of a wew low interchange rate a merchant transaction qualified for.

Example of a low level 3 interchange rate a merchant transaction qualified for. Without our solution, the qualified interchange rate would have been more than double.

Key things to note:

  • Level 3 processing for all major processors
  • Omnichannel – from retail to hosted pay pages to Electronic Bill Presentment & Payment, level 3 is supported all sales channels.
  • To qualify for level 3 interchange rates, any initial pre-authorization and settlement must be equal, and there must be a valid authorization code (not expired), in addition to other requirements. It’s here where most other solutions fail, even if they do support level 3.

Level 3 payment gateway are modules available for Prestashop and other shopping carts too. Contact Christine Speedy at 3D Merchant Services

 

 

How to activate level III processing with CenPOS payment gateway

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To activate level III processing from an existing merchant account that previously did not support level III processing, this article outlines the steps.

Both the merchant account processor and CenPOS need to make an update, then merchant switches from level II to level III when ready. The process is usually completed with 1-2 business days, but can take longer.

  1. Level III Merchant Account: Either a new TID* is created, or an existing TID is updated with the appropriate flags turned on. In most cases, a new TID is created so that if there’s an error, the processor can roll back to the old TID. Contact your merchant account salesperson to begin. Depending on the provider, CenPOS boarding team may need to provide guidance on the TID setup.
  2. The processor VAR setup sheet is returned to CenPOS to add to account (boarding), along with desired go live date.
  3. CenPOS switches merchant account to new TID.
  4. Merchant activates level III processing on CenPOS. See video below.

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* TID is an abbreviation for terminal identification. Basically, the TID setup is a set of instructions; i.e. what’s allowed and how it will be communicated