If you take purchasing cards without Level 3 data, you're overpaying.
CoCard B2BX is a virtual terminal that passes the enhanced data Visa and Mastercard reward with lower rates, typically saving 25-30% on your card acceptance costs. Same bank, same accounting, lower bill.
The single biggest cost you can actually manage
Interchange rates are set by Visa and Mastercard and make up the majority of your total card processing cost. For business-to-business and business-to-government transactions, those rates climb quickly, unless you pass Level 3 data with every transaction.
Our virtual terminal is easy to use, delivers an immediate ROI, and integrates with all the major accounting platforms. If you already accept cards, we switch your processor seamlessly: you keep the same bank, the same accounting, the same procedures, and simply use our virtual terminal from any computer in the office.
That's roughly a 25 to 30% reduction in your processing bill, every month. It adds up quickly.
Five reasons it pays off
Lower interchange
Interchange is the majority of your processing cost. Lowering it on every transaction is the highest-leverage thing you can do.
Data your buyers need
Pass item numbers, descriptions, and invoice data your purchasing customers need, which makes you easier to do business with.
Time-saving efficiency
Tighten up office procedures and reconciliation with cleaner records on every card transaction.
Stay PCI compliant
Correctly comply with PCI-DSS standards and avoid costly, time-consuming compliance headaches.
Win in B2G
Get a competitive advantage in the business-to-government market that only continues to grow.
We're the Level 3 experts
We run seminars, web meetings, and conference calls to educate first. Then the savings speak for themselves.
B2BX FAQ
What is Level 3 data, exactly?
Level 3 data is enhanced information passed with a credit or purchasing card transaction. A simple transaction passes the amount, card number, and expiration. Level 3 adds detail like item number, item description, unit of measure, and invoice number. Businesses and government agencies need this to simplify record-keeping, and Visa and Mastercard give you lower processing rates whenever you provide it.
What's the actual payoff?
Visa and Mastercard discount your processing rate when you pass Level 3 data. Existing costs of 3-4% of your sales can drop to 2-3%, about a 25 to 30% reduction in your processing bill each month.
Do I need my customer to use the data?
No. Even if your customer never looks at it, you still lower your costs by passing it. Your customer can see the detail through their card-issuing bank whenever they want, easily.
Will I have to change banks or software?
No. We switch your processor seamlessly while you keep the same bank, accounting, and procedures. The virtual terminal runs from any computer or workstation in your office and integrates with major accounting platforms.
See what Level 3 would save you.
Send us a recent statement and we'll show you the difference on your real numbers. No obligation, just honest math.
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