How can my business benefit from Level 3 processing?
One common question that our team at American Payment Solutions (APS) receives from many merchants is, “What is the difference between Level 1, Level 2, and Level 3 processing?”
Selecting the right processing level for your business simply requires understanding how much data you are able to provide about your transactions. The more data provided to Mastercard and Visa, the higher the savings. Offering more data results in added security and protection from fraud as well as lower credit card transaction fees. As explained below, Level 3 processing provides the best security and requires the most data.