Level 3 &
Large Ticket
Level Up to Save Money
Behind the scenes, credit card transactions are processed in tiered levels—1, 2, 3, and Large Ticket. This matters because the higher the level, the lower the interchange fee. i3 Commerce Technology can help you level up.
More Data = Less Revenue Lost to Fees
Credit card networks give the lowest interchange rates to companies that provide the most detailed customer and transaction data with every payment processed. That’s because more data translates to less risk. The more data provided, the higher the processing level.
The great news is that i3 Commerce Technology's payment gateway automatically populates the necessary data fields for you to process at the optimum level. Our technology fills in the details; you pocket the savings.
And if you accept large credit card payments for B2B invoices or high-ticket consumer purchases? Our payment gateway routes and qualifies these transactions for Large Ticket processing, a special category that also charges lower interchange fees.
Example: How Much Can Level 3 Processing Save You?
You Accept $100,000 Yearly in Business Cards
Network Cost
—without—
Level 3 Data
Rate 2.7%
Network Cost
—with—
Level 3 Data
Rate 1.9%
Your Savings
—with—
Level 3 Data
Your rate drops by 0.8%
Example: How Much Can Large Ticket Save You?
You Accept a Single $100,000 Transaction
Network Cost
—without—
Large Ticket Data
Rate 2.7%
Network Cost
—with—
Large Ticket Data
Rate 1.4%
Your Savings
—with—
Large Ticket Data
Your rate drops by 1.3%
Which Level Is Right For You?
| Data Element | Level 1 | Level 2 | Level 3 | Large Ticket |
|---|---|---|---|---|
| Merchant Name | ✔ | ✔ | ✔ | ✔ |
| Transaction Amount (Total) | ✔ | ✔ | ✔ | ✔ |
| Transaction Date | ✔ | ✔ | ✔ | ✔ |
| Tax Amount | ✔ | ✔ | ✔ | |
| Customer Code | ✔ | ✔ | ✔ | |
| 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 Description | ✔ | ✔ | ||
| Item Quantity | ✔ | ✔ | ||
| Item Unit of Measure | ✔ | ✔ | ||
| Item Extended Amount | ✔ | ✔ | ||
| Freight Amount | ✔ | ✔ | ||
| Duty Amount | ✔ | ✔ | ||
| Transaction Amount: Less than $7,500 | ✔ | |||
| Transaction Amount: More than $7,500 | ✔ |
