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Don’t Let Transaction Fees Ruin a Perfectly Good Contract

Government and corporate contracts can be lucrative, but the processing fees on corporate and government credit cards can undercut your profit. The processing costs are much higher than standard consumer credit cards, but luckily there is a solution.

Some businesses can process these transactions at lower fees if they supply addition information known as Level II or Level III data. (Level II transactions normally involve corporate cards from American banks; Level III transactions normally involve government and corporate cards.) This data is passed on the purchaser and facilitates the transaction, making your cost less. Some examples of typical Level II and Level III data are:

• purchase order number
• tax amount
• commodity code
• product code
• etc.