Visa and MasterCard have very specific rules when it comes to payment acceptance procedures. When a purchase is made on a credit card it goes through a qualification process based on specific data requirements that are set forth by Visa and MasterCard. These data requirements are divided into three Levels (Level 1, 2, and 3.) and help determine the interchange rate that the transaction qualifies for.

Visa and MasterCard want this additional data because it helps them be more efficient. So, as an incentive they offer a lower, discounted rate to merchants who provide the additional data. Interchange Optimization simply gives your business the best chance at qualifying for the lowest interchange rate every single time.

Click here to learn more about Visa Interchange Reimbursement Fees.

Click here to learn more about MasterCard Interchange rates and fees.

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Don’t Miss Out

When you have a business to run, it’s overwhelming and impossible to monitor 400 different interchange categories, your rates, and merchant fees. Interchange Optimization can help you achieve lower rate categories on all of your card transactions.

What’s Trending

B2B ACH and check transactions are falling by the wayside. Today, business owners are charging large purchases on their business and corporate credit cards. This provides them with flexible payment terms and, more importantly, the opportunity to accumulate points or cash back on regular business expenses.

We get it. Managing and submitting all of the required data for a single credit card transaction sounds like a daunting task. Not to mention, time consuming. Summit Payments has partnered with the leading payment gateways that will help you put Interchange Optimization on autopilot. These gateways feature auto-fill technology that completes the data requirements for you. Your business will benefit from more revenue by keeping a greater percentage of every sale.

Automate Interchange Optimization

Submit required data automatically

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We make it simple

Discover your opportunity to reduce costs

It’s easy to identify whether or not your business will benefit from Interchange Optimization. Look at the interchange section on your merchant statement. Pay attention to words like Commercial (COMM), Corporate (CORP), Business (BUS), Purchasing (PURCH), Fleet (FLT), EIRF, and Non-Qualified (Non Qual). If a large percentage of your sales are falling into these categories, then you could benefit from Interchange Optimization.

Connect with us and our team will provide you with a complimentary statement analysis. 


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