The site you requested may not be relevant in your area.

country flag
Skip to main content

 

What is Commercial Card Optimization?

If you do business with large companies and government agencies that pay via purchasing cards and corporate cards, you can significantly lower transaction costs.

Entering line-item details from invoices at the time of payment helps to validate the authenticity of the transaction. Passing this information to the card brand and the card issuer bring insights into the cardholders’ transactions, which reduces risk and in turn qualifies for a lower interchange rate.

Understanding Level 2 & 3 processing

In order to achieve Level 2 and Level 3 processing, businesses must accept either purchasing cards, corporate cards, business cards or government spending accounts (GSA) issued by Visa or Mastercard.

  • Level 1 processing only requires standard transaction details such as payment amount and date.
  • Level 2 processing adds sales tax and customer identifier to the transaction.
  • In order to achieve Level 3, line-item detail must be captured and sent with every transaction authorization, including information like tax ID, shipping ZIP, freight amount, item description, quantity and product code.
  • Large ticket purchases must meet Level 3 standards as well as minimum dollar thresholds as set by the card brands.
     

The complexities of optimizing 100% of qualified transactions

The opportunity to save significant money can really add up. However, the challenge is that the data required to achieve Level 2 and Level 3 savings is both specific and complicated.

  • All the required data fields must be completed with valid data. To achieve Level 3 savings, 25 data fields must be correctly entered and arranged in the right order for every transaction.
  • Authorization and settlement must be completed within 24 hours to avoid costly transaction downgrades.
  • Availability and knowledge of staff can result in mistakes that erase any savings. Not to mention the labor opportunity costs for time that could be spent on data analysis or other activities to support the business.
  • The development or acquisition costs of specialized software can eat into savings.
     

Why allow Elavon to process Level 2 & 3 payments for you?

Most business leaders want to concentrate on running their business – not optimizing interchange costs. With Commercial Card Optimization, you can take advantage of our backend software that will automatically populate the data needed to qualify for the lower interchange rates.

  • Achieve the lower interchange rates on all of your commercial card transactions with no up-front costs and no change to payment acceptance systems or processes.
  • We enter and pass along valid transaction data at the time of the payment, so settlement windows are always met.
  • We report interchange savings on your processing statement every month.
  • We keep up with rules and rate changes from the card brands. Our software will adjust based on market updates to keep eligible transactions settled at the best rates all of the time.

Request a call back

We want to hear from you. If you are interested in setting up a new merchant account with us, please contact us through the form below and we'll call between the hours of 9:00 AM and 7:00 PM EST, Monday-Friday. If you require assistance with an existing account, please call our customer service line 24/7/365. 

This contact form is for US customers only. If you are looking for one of our other locations, please visit elavon.com/country-selector.html to find your country or region. 

Form submitted successfully

You will receive a call from an Elavon representitive shortly. 

If you would like to speak to someone now, please call 1-866-671-1583 to be connected with a payments professional. 

Please fill the required fields and submit again

By providing us with an email address you are expressly consenting to receiving email communications — including but not limited to marketing material/advertising, promotions, sales campaigns, and questioner/research surveys.

By providing us with a telephone number for a cellular phone or other wireless device, including a number that you later convert to a cellular number, you are expressly consenting to receiving communications — including but not limited to prerecorded or artificial voice message calls, text messages, and calls made by an automatic telephone dialing system—from us and our affiliates and agents at that number. This express consent applies to each such telephone number that you provide to us now or in the future and permits such calls for non-marketing purposes. Calls and messages may incur access fees from your cellular provider. We accept relay calls. 

Your privacy is important to us. By clicking “submit” you agree to our terms and conditions.

Sales

Available Mon. – Fri.
9:00 AM - 7:00 PM EST
1-866-671-1583

Customer Support

Available 24/7
1-800-725-1243