B2B Savings
Unlock Lower Fees with Level 2 & Level 3 Interchange Optimization
Accepting credit card payments is essential for B2B transactions in repair shops, but high interchange fees can eat into profits. Level 2 and Level 3 interchange optimization offers a smart way to cut costs and boost efficiency. Paired with tools like the PayBright Gateway and expertise from Repair Shop Payments, this strategy turns payment processing into a competitive edge.
What Are Level 2 and Level 3 Interchange Optimization?
Interchange fees—charges from Visa and Mastercard—depend on transaction details. Standard "Level 1" processing uses basic data and comes with higher rates. Level 2 and Level 3 processing, however, lower fees by including more information:
- Level 2: Adds customer codes, tax amounts, and purchase order numbers—perfect for business card transactions.
- Level 3: Includes line-item details like product descriptions and quantities, offering the biggest savings for large corporate or fleet sales.
For repair shops handling commercial cards and big-ticket B2B deals, these levels can slash costs significantly!
Why B2B Merchants Should Care
- Cut Costs - Interchange fees often make up 70-80% of processing costs. Optimizing for Level 2 or 3 can drop rates from 2.7% to 1.45% on some transactions—saving thousands annually.
- Boost Cash Flow - Lower fees mean more money stays with you, fueling growth or competitive pricing.
- Simplify Operations - Tools like PayBright automate data entry, pulling details from invoices to ensure lower rates without extra work.
- Strengthen Client Ties - Detailed Level 3 data helps buyers with accounting, reducing disputes and building trust.
- Gain an Edge - Use savings to offer better prices or increase margins in a tight market.
PayBright Gateway: Built for B2B Success
The PayBright Gateway makes Level 2 and Level 3 optimization effortless:
- Automation: Pulls data from your ERP or accounting software—no manual entry.
- Speed: Processes transactions instantly, flagging optimization opportunities.
- Commercial Card Expertise: Maximizes savings on business and fleet cards.
It’s a secure, PCI-compliant solution that simplifies complex payment needs.
Repair Shop Payments: Your Optimization Partner
Repair Shop Payments brings the expertise to make it work:
- Audits: Spots savings opportunities in your current setup.
- Setup: Integrates PayBright seamlessly into your systems.
- Support: Keeps you updated on changing interchange rules.
With Repair Shop Payments, you get sustainable savings without the guesswork.
Real World Results
Imagine processing $250,000 monthly at 2.7% (Level 1)—that’s $6,750 in fees. With Level 3 optimization via PayBright and Repair Shop Payments, the rate could drop to 1.9%, cutting fees to $4,750. That’s $2,000 saved monthly—$24,000 yearly.
Take Action Today
Level 2 and Level 3 processing isn’t just about savings—it’s a strategic win for B2B transactions in repair shops. Ready to lower costs? Contact Repair Shop Payments for a free audit and see how PayBright fits your business. Don’t miss out—every percentage point matters.
Get Started with Repair Shop Payments