Level 3 Data

Level 3 data represents the most detailed layer of information that can be provided in credit card transactions, particularly those involving commercial or business-to-business (B2B) interactions. This comprehensive data includes extensive details about the transaction, allowing businesses to gain significant reductions in processing fees by providing transparency and reducing the perceived risk of transactions.

To implement Level 3 data processing, merchants must ensure their payment systems are capable of capturing and transmitting this enriched dataset. This often requires sophisticated software and integration with business accounting systems, making it a more common practice among larger businesses or those with significant B2B transactions. The investment in capable systems is justified by the savings on transaction fees and the improvements in financial and inventory management that Level 3 data facilitates.