If you own a small business, work from home, or accept payments mainly via mail or phone, we have a virtual terminal that will streamline your payments for quick, efficient and secure service.
- Process One Time or Re-curing payments
- Securly stores customer information
- Invoicing solution
- Payment link for website
- Process One Time or Re-curing payments
- Securly stores customer information
- Invoicing solution
- Payment link for website
Business-to-Business and Business-to-government (B2G) purchases are increasingly being made via purchasing, corporate and business cards. Large corporations and government agencies use Level 3 credit cards to effectively monitor and track their spending. Unfortunately, these card types are the most expensive cards to accept. Don’t worry because with Streamline, there is a way to save!
By utilizing one of Streamline’s PCI-Compliant Virtual Terminal you can send additional data along with your transaction qualifying for a discounted rate with Visa and MasterCard. This is called Level 3 processing. Standard credit card terminals do not support Level 3. Submitting L3 data requires the use of specialized payment software that is accessed via a secure website application.
Streamline can analyze your merchant statement to see if you are accepting the card types that qualify for level 3 processing.
Each time you accept a credit card transaction, Visa and MasterCard use “interchange fees” to determine how much you pay the issuing bank.
For business-to-business (B2B) and business-to-government (B2G) purchases, these interchange fees fall into one of three processing categories — Level I, Level II, or Level III. Level I has the highest rates. Level III has the lowest rates.
Accepting a Commercial or Government Credit Card without providing Level III payment detail, you will typically pay roughly 1-2% more (interchange) than the lowest rate you can receive from a credit card processor.
Level III detail includes many line item details usually found on an invoice (ship from postal code, destination postal code, invoice number, order number, freight amount, etc.)
Adding Level III data to the order can reduce the transaction cost by 1-2 %. Those savings add up quickly.
Visa Purchasing Card: $1,000 Transaction | ||
|---|---|---|
Purchasing Level I Standard: 2.95% + $.10 | $29.60 | |
Purchasing Level II Rate: 2.50% + $.10 | $20.10 | |
Purchasing Level III Rate: 1.90% + $.10 | $19.10 | |
SAVINGS | $10.50 |
Visa Purchasing Card: $35,000 Transaction | ||
|---|---|---|
Purchasing Level I Standard: 2.95% + $.10 | $1,036.26 | |
Purchasing Level II Rate: 2.50% + $.10 | $875.10 | |
Purchasing Level III Rate: 1.90% + $.10 | $665.10 | |
Large Ticket (+$6,890.00) 1.45% + $35.00 | $542.50 | |
SAVINGS | $493.76 |
No Stress PCI Program
Streamline will assist you with your PCI Compliance questionnaire