Business to Business
Business to Business (B2B) merchants are companies that market their products or services to other businesses or government entities, not to consumers. Many businesses require their suppliers to accept a Purchasing credit card, as part of doing business. Acceptance of the Purchase card, provides cost savings, and speeds up the payment process.
B2B merchant accounts must be set up and implemented properly to save time and money on processing and transaction fees. Accepting the Purchase card at the lowest cost is required for maximum profitability. It is important that your terminal or software prompt for Level II or Level III data. Green Pay provides compliant hardware and software which automatically prompts for all required data based on card type.
Level I data passes the standard financial information present on all credit card transactions including account number, expiration date, security code and the amount of sale.
Level II data includes sales tax paid and allows the capture of a unique code for sorting, reconciling and reporting transactions.
Level III data includes line item information of each transaction, as it allows merchants to monitor and report the details of purchase behavior. This information is necessary when monitoring the number of units purchased, product pricing, shipping costs, and other item specific information.
Contact an Green Pay Specialist to get started. Call us today.