ASHBURN, VA / ACCESSWIRE / September 24, 2022 / Accept payments in Xero: Revolution Payments reveals a Level III Credit Card Processing solution for Xero accounting software users.
Providing level III payment detail can reduce the interchange cost for accepting commercial, fleet, business, purchase, and government cards by up to 43%.
Interchange accounts for the largest portion of a business' credit card processing fees (80% or more) and it's paid to card-issuing banks.
When it comes to commercial cards interchange falls into one of three different interchange categories. These rates vary from 80-150 basis points depending on additional information that is passed with the transaction
Revolution Payments automatically updates each transaction to level II/III interchange rates, without the need to manually enter this data or worry about human error.
This optimizes transactions to the lowest-possible interchange rate, increasing profit margins from interchange revenue.
Additional Features:
- Sale
- Send invoices and collect payments
- Invoice
- Offline mode - accept credit cards without having internet access and process those later
- Use our mobile app to reconcile, send invoices, or create expense claims - from anywhere
- Performs transaction types like Authorize, Capture, Void, Credit, etc.
- Level II support for reduced credit card transaction fees
- Level III support for purchasing cards
- Reconcile in seconds
Businesses interested in learning more about Revolution Payments or accepting payments in Xero accounting software solution should contact Sean Jones at [email protected] 888-790-3450.
About
Revolution Payments is leading advocate and Level 3 credit card processor who has been servicing the B2B & B2G payment space for more than 22 years.
SOURCE: Revolution Payments