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We have seen financial services costs decline by $2.5M while the volume, quality, and productivity increase.
Colleen Zdrojewski
Trusted By 800+ Global Businesses
Use our Interchange Optimization ROI calculator to see how much you can save on your card processing fees
1. Total Transaction Amount $0
2. % Of Transactions Via Credit Card 0%
3. Estimated Interchange Rate 1.45%
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Detect Card Eligibility for Lower Interchange Fees Automatically detects if the card present for payment qualifies for lower interchange fee
Integrate Seamlessly with Your ERP Integrates with your ERP to transmit invoice level data for Level 2/Level 3 procesing.
Access Out-of-the-Box Reports and Dashboards Reports and dashboards to provide transactional-level visibility and cost-saving opportunities.
Level 3 processing refers to the type of credit card processing that includes transmission of detailed line item data, such as product descriptions, quantities, and prices, during credit card transactions. These are crucial for B2B transactions as they lead to cost savings, better reconciliation, and streamlined operations.
Yes, optimizing interchange fees can help you reduce costs, especially if your current interchange fees are high. It works best with payment solutions offering transaction-level visibility and opportunities for cost savings.
There are three reasons:
Level 2 processing involves transmitting enhanced transaction data such as invoice details and tax information. It helps businesses qualify for lower interchange rates and improves invoice processing efficiency.
All calculations have been based on an approximate interchange rate. However, these can change as Interchange rates are governed by factors such as type of business, transaction type, location and more.
HighRadius Interchange Fee Optimizer automates the transmission of invoice and SKU/tax data to processors, ensuring compliance and reducing interchange costs by up to 1% per transaction.