Level 2 (L2) payment capabilities can help you generate more sales, reduce processing expenses, and provide additional reporting data to clients. With L2, you can:
Business and corporate payment processing are different from consumer credit card processing:
The primary benefit to the cardholder of Level 2 credit card processing is control. Corporate cardholders often set predefined limits on spending. For example, a company might place restrictions on:
When processing L2 payments, the merchant sends additional fields, including taxes and codes, with every transaction. Doing so makes it easy for companies to monitor and analyze their spending, which helps them eliminate the risk of inappropriate usage of corporate credit cards.
As a B2B merchant, there are many benefits of Level 2 credit card processing. In addition to increasing your customer base to include companies that use L2 credit cards, you can benefit from increased sales, larger tickets, and reduced fees with each purchase. By passing more data through on each transaction, credit card companies offer lower interchange fees in exchange for this additional information.
Contact the Clover sales team to find out which Clover or partner solution is right for you.
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