Capture Level 2 and Level 3 Credit Card Processing Rates
Most companies only ever achieve 30-40% of their available Level 2 and Level 3 rate discounts. The result is a significant amount of wasted time and wasted spend.
Let Verisave take care of Level 2 and Level 3 optimization for you … so that you can focus on what you do best.
Level 2 and Level 3 rates can significantly reduce your processing fees.
Level 2 and Level 3 rates are discounted credit card processing rates that can be achieved by gathering and submitting the proper data during a credit card transaction.
These rates are most applicable when you’re dealing with corporate, commercial, or government purchasing cards (“p-cards”).
To over-simplify: the more data you supply, the lower your fees.
So, why isn’t everyone doing it? Because collecting and submitting that data can be incredibly challenging, especially for busy finance teams who are already focused on other initiatives.
But it isn’t impossible. And it’s certainly worth the effort.
Level 2 and Level 3 Explained:
Why these discounts exist:
Many credit card processing fees were originally implemented to offset the cost burden of credit card fraud. Businesses like yours are incentivized to help the processing industry reduce fraud risk. By gathering more data from cardholders, you’re helping to minimize the chance of fraud. And you are rewarded with lower processing rates for doing so.
Why these rates are difficult to achieve:
To collect and submit the requisite data manually is not feasible. But the various components of your payments stack (payment gateway, integrations, ERP, etc.) are not typically built to automate this process. In order to implement the proper workflow, you would need access to extensive expertise. And it’s a big project.
The Solution:
Verisave has completed numerous Level 2 and Level 3 optimization projects, across a variety of industries. Most often, we are able to capture 100% of the available discounts for our clients. We have the expertise and the manpower to tackle this big project for you.
Let’s find out if we can bring 10%-30% of your credit card processing fees back to your bottom line.
Simply upload a recent merchant statement below to begin your confidential, zero-cost analysis.
It’s simple. Verisave clients boost their profits by reducing wasteful credit card processing fees through our expert optimization process.
Our work is entirely within the setup of the merchant account … we find errors, we fix them on the back end, and our clients return that extra money to their bottom lines. There’s no need to change processors.
Nothing else changes. There’s no disruption to any business practice or customer experience.
And we do all of the work.
Ready to start saving on your merchant credit card fees?
Let’s find out if we can bring 10%-30% of your credit card processing fees back to your bottom line.
Simply upload a recent merchant statement below to begin your confidential, zero-cost analysis.
Ready to start capturing Level 2 and Level 3 discounted rates?
Let’s start with a conversation. Our consultants will determine if this is a good fit for you. If it is, we’ll complete an upfront analysis to determine the cost reduction opportunity.
You don’t pay us a dime unless we bring money back to you.
A few of our clients:
How it works.
Verisave is NOT a processor. We work alongside your processor to optimize the back end of the merchant account. We work within the setup of the account to affect how information is passed to and from the banks. Our process ensures your rates are accurate and advantageous, without disrupting your current business practices or client experience.
We proactively analyze industry benchmarks, rate and rule updates, and discount programs so that your fees are as low as possible. And you only ever pay us as a portion of the savings we bring back to you … so you are guaranteed to retain more of your revenue.
Micro-adjustments are made to the back end of the merchant account to ensure proper and optimized processing rates.
