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Maximize Savings with NMI’s Level III Advantage Feature
NMI’s Level III Advantage feature enables businesses to qualify for lower interchange rates by providing additional data with each transaction. Level III processing is especially valuable for B2B and B2G (business-to-government) transactions, where suppliers and merchants can benefit from reduced credit card processing fees by submitting detailed information about each purchase. By leveraging NMI’s Level III Advantage, businesses can significantly lower their payment processing costs while maintaining secure and efficient transactions.
NMI Advantage: What is Level III Processing?
Level III processing involves the submission of enhanced transaction data beyond what is typically required in a standard (Level I) or mid-level (Level II) transaction. This includes details such as product descriptions, quantities, tax amounts, and shipping information. Providing this level of data allows credit card networks to classify the transaction as a lower-risk, B2B or B2G transaction, resulting in lower interchange rates for the merchant.
For businesses that handle a high volume of corporate or government payments, this can lead to significant cost savings over time. NMI’s Level III Advantage feature automates the process of gathering and submitting this additional information, ensuring that each transaction qualifies for the lowest possible interchange rates without manual input.
NMI Level III Advantage: Simplified Data Submission for Greater Savings
With NMI’s Level III Advantage, you don’t need to worry about manually entering extra data for each transaction. The platform automatically captures and submits the required Level III data, including line-item details, customer codes, and shipping info. This allows your business to process payments more efficiently while meeting the requirements needed to access those lower rates.
Not only does this save on transaction fees, but it also simplifies compliance with card network regulations for high-value, corporate transactions. By providing detailed information for each transaction, businesses can enhance their relationships with corporate clients, who often prefer working with suppliers that offer Level III data.
Setup NMI Level III Advantage with Durango Merchant Services
Durango Merchant Services can help your business take full advantage of NMI’s Level III processing capabilities. If you have a merchant account with Durango, we will assist in configuring NMI’s Level III Advantage feature to ensure you’re capturing the right data for lower interchange rates. For businesses transitioning from another merchant account provider but looking to continue using NMI, we can help with the seamless setup and configuration. Additionally, Durango offers support for other payment gateways like FluidPay, Inovio, and Authorize.net, giving you flexible options for your business. Whether you’re new to Level III processing or optimizing your current setup, Durango Merchant Services is here to ensure you’re maximizing savings with every transaction.
