Several month ago, we engaged with large business to streamline their payment platform. What became apparent was the opportunity to convert their system from Level 1 processing to Level 2 and Level 3 processing. Most businesses process at Level 1, however, if the business provides additional information such as sales tax, invoice number, postal code, etc., the transactions which are business to business will qualify for lower interchange rates (lower costs to you). The most extreme case, going from level 1 to level 3, with the most expensive card type would save more than 1%. Going from level 1 to just level 2 often translates to 7/10ths of 1% (0.70%, or $700 per $100,000). This solution does not make sense for every business, but if your business sells to other businesses, let’s explore this opportunity together.