Additional transaction prompts (questions required for electronic processing of each transaction). This supplemental information to achieve Level 3 qualification may include Customer Code, Invoice and Purchase Order number, Part Number, Item Description, Quantity, Unit of Measure, Unit Price, freight amount, duty amount, product or service ID, product or service description. Transactions which get approved as Level 3 are often a much lower rate and typically involve Business, Purchasing, Fleet, Government, Corporate and Commercial credit cards. Some Level 3 Large Ticket rates may benefit from flat rate transactions where no percentage is charged, only a transaction fee like $35.00, which is much cheaper than normal rates when transactions may be for $10,000 or more.
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