Gotmerchant.com
Merchant Account Reviews



Business, Corporate & Govt. | Interchange Plus Pricing
Gross Deposits | Business Cash Advance

Level 2 & 3 Data & Business & Corporate Credit Card Processing

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Does your company typically deal with business, corporate or government GSA purchasing cards (known as p-cards or purchase cards)? If so, you can benefit from lower credit card processing fees for Visa & MasterCard transactions by submitting Level 2 or Level 3 data (Level II / Level III).

Level 2 Data Credit Card Processing (level II)

To have your transactions qualify for level 2 pricing, you must use a certified product that collects and submits the data properly to Visa/MC.

    Required Data to Qualify for Level 2:
    1. Standard Info - credit card number & exp, billing address, zip code & invoice number.
    2. Customer Code - no longer required, but encouraged if they have it.
    3. Sales Tax - an amount must be submitted separately from the total transaction amount.
    Products Supporting Level 2 Data
    1. Internet Gateway - such as Authorize.net (our recommendation)
    2. Computer Software - such as PC Charge


Level 3 Data Credit Card Processing (level III)

To have your transactions qualify for level 3 pricing, you must use a certified product that collects and submits the data properly to Visa/MC.

    Required Data to Qualify for Level 3:
    1. Standard Info - credit card number & exp, billing address, zip code & invoice number.
    2. Customer Code - no longer required, but encouraged if they have it.
    3. Sales Tax - an amount must be submitted separately from the total transaction amount.
    4. Freight Amount - If unavailable, enter $0.00
    5. Duty Amount - If unavailable, enter $0.00
    6. Line Item Details:
      1. Product / Service ID (item ID)
      2. Product / Service Description
      3. Quantity
      4. Item Amount (like $100)
      5. Unit of Measure
This information is used to create the customer's credit card statement as it breaks everything down for easy reporting and accounting. For a complete list of line item details, go here .

    Products Supporting Level 3 Data
      PC Charge Computer Based Software Program
    1. $99 License Fee (Product Details)
    2. No extra monthly or transaction fees.
      Plugnpay Internet Gateway (virtual terminal) service
    1. $195 One-Time Setup Fee
    2. $20 a month
    3. 133 FREE transactions per month, then $0.15 each


What is Gotmerchant.com's Offer (level 2 & level 3)?

The pricing program we are offering is Interchange Plus. You will receive the actual Interchange cost listed below plus a set markup for our services and the liability we assume for giving you the unsecured merchant account. The transaction fee you will incur includes our processor's cost.

       Visa Interchange Rates & Qualification Chart
Interchange
Business Card
Corporate Card
Corporate Purchasing
GSA Purchasing
Level 3
Not Eligible
- Level 2 & 3 Submitted
- Sales tax may = 0
- 24 Hr Settlement
Not Eligible
Level 2
- Corporate cards only
- Sales tax > 0
- Level 2 Submitted
- 24 Hr Settlement
Not Eligible
Not Eligible
Level 2
- Business cards only
- Sales tax > 0
- Level 2 Submitted
- 24 Hr Settlement
- Corporate purchasing cards only
- Sales tax > 0
- Level 2 Submitted
- 24 Hr Settlement
- Sales tax > 0
- Level 2 Submitted
- 24 Hr Settlement
GSA Large
Ticket
Not Eligible
Not Eligible
- BIN Range: 471600-471699;
448600-448699
- Transaction Amt between
$5,000 - $11,666.67
- Sales tax may = 0
- Level 2 & 3 Submitted
- 24 Hr Settlement
GSA Large
Ticket
Not Eligible
Not Eligible
- BIN Range: 471600-471699;
448600-448699
- Transaction > $11,666.67
- Sales tax may = 0
- Level 2 & 3 Submitted
- 24 Hr Settlement
Commercial
Card Elect.
Next Best Rate
Next Best Rate
Next Best Rate


       MC Interchange Rates & Qualification Chart
Interchange
Business Card
Corporate Card
Corporate Purchasing
Level 3
- Sales tax may = 0
- 24 Hr Settlement
- Level 3 Submitted:
    Product Code
    Item Description
    Item Quantity
    Item Unit of Measure
    Extended Item Amount
    Debit or Credit Indicator
- Sales tax may = 0
- 24 Hr Settlement
- Level 3 Submitted:
    Product Code
    Item Description
    Item Quantity
    Item Unit of Measure
    Extended Item Amount
    Debit or Credit Indicator
Level 2
- Sales tax may = 0
- Business or corporate cards
- 24 Hr Settlement
- Sales tax may = 0
- Purchasing cards
- 24 Hr Settlement
Large Ticket
- Sales tax may = 0
- Business or corporate cards
- 24 Hr Settlement
- Sales tax may = 0
- Purchasing cards
- 24 Hr Settlement
Face-to-Face
- Card swiped
- Sales tax may = 0
- Business or corporate cards
- 24 Hr Settlement
- Card swiped
- Sales tax may = 0
- Purchasing cards
- 24 Hr Settlement
Data Rate I
Next Best Rate
Next Best Rate




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