Canadian Credit Card Transaction Fees Just Got Less Expensive with Acumatica
Credit Card Transaction Fees are a Huge Expense for Businesses
More than almost anything a company does, getting paid is the most important.
One of the quickest and easiest ways to get paid is to accept credit card transactions.
But reducing credit card transaction fees becomes a pretty significant priority pretty fast – once you see what it’s costing you.
This was an easy partnership to establish, since APS already uses Acumatica ERP internally.
As a result, we are able to offer some of the best credit card processing rates in Canada all accessible from an ERP solution, so you can process transactions over the phone, online, or at point of sale.
How to Qualify for Level 3 Processing
To qualify for Level 3 processing, organizations must integrate their payment platform with their ERP system. APS is natively built with Acumatica.
Level 3 processing also requires the capture of specific line item data in credit card transactions. These additional data fields include merchant name and address, invoice number and tax amount, plus line item details such as item description, quantity and unit of measure, freight amount, and commodity and product codes.
Benefits of Qualifying for Level 3 Processing
Companies who qualify for Level 3 processing see three primary benefits:
- They save money with lower interchange rates than companies using Levels 1 or 2 processing.
- They can see detailed reports that let them track each transaction from the start to settlement.
- They can create transaction reports based on up to 60 different points of data.
Level 3 processing merchants pay up to 1.5% less fees than other companies using Levels 1 or 2.
That adds up quickly for B2B organizations.
Acumatica works closely with clients to ensure they qualify for Level 3 processing through APS.
This helps business process credit cards 24 hours a day, from anywhere; protects from them from fraud; automates recurring billing; and batches processing.
This all adds up to greater efficiency, customer satisfaction, and improved cash flow.
See if it’s worth it. Contact Aqurus here.