Kyle Hall— CEO of PayKingsKyle has built his over 10 year career around high-risk payment processing and SaaS development, developing a deep understanding of the payment solutions business owners need. In addition to equipping high-risk merchants with payment processing tools for success, he has also founded PulseCRM (a CRM built specifically for the needs of the payment industry). Kyle’s focus has always been on creating practical systems and strategies that help businesses scale, not just in theory, but in practice.
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PayKings offers Level 2 & 3 data processing with automated enhanced-data capture, virtual card support, and lower B2B interchange rates — including for high-risk merchants other processors decline.
PayKings offers Level 2 and Level 3 credit card processing with automated enhanced-data capture, virtual card acceptance, and B2B interchange savings. Every eligible transaction passes the tax, customer-code, and line-item fields the card networks require, so B2B merchants — including high-risk businesses other processors decline — qualify for lower commercial interchange rates automatically.
Unlike providers that treat enhanced data as a bolt-on, PayKings delivers the full stack through one underwriting process: a high-risk merchant account, a payment gateway with Level 2/3 field support, credit card processing, and ACH payment processing for invoice-based B2B billing where cards are not the right fit.
Every credit card transaction is processed at Level 1, Level 2, or Level 3, depending on how much data is passed with it. The more qualifying data a transaction carries, the lower the interchange rate it can receive — which makes Level 2 & 3 data processing essential for businesses handling B2B credit card transactions. PayKings automates the entire process:
Data enrichment
Card networks reward detailed B2B transactions. By attaching Level 2 tax and purchase-order data and Level 3 line-item detail, each transaction qualifies for a lower interchange rate — so you settle at a reduced cost.
Transaction
Card payment starts
Level 2 data
Tax & PO number
Level 3 data
Line-item detail
Lower interchange
Reduced rate qualifies
Settled
At a lower cost
Set up your merchant account and payment processing in Four Easy Steps
Begin with our straightforward online application.
Provide essential documents to support your merchant account application.
Our experts guide you through the underwriting process.
Begin accepting Level 2 and 3 transactions seamlessly between bank accounts and focus on growing your revenue.
Interchange — the per-transaction fee set by the card networks — is the largest component of your processing cost, and both Visa and Mastercard publish lower interchange categories for commercial transactions that carry Level 2 or Level 3 data. Per the published tables, the gap between a standard commercial rate and a Level 3 rate is roughly a full percentage point, and Level 2 data savings alone run roughly half a point.
| Network | Published interchange category | Data level | Published rate |
|---|---|---|---|
| Visa | Commercial Standard | Level 1 (no enhanced data) | 2.95% + $0.10 |
| Visa | Commercial Level II | Level 2 | 2.50% + $0.10 |
| Visa | Commercial Level III | Level 3 | 1.90% + $0.10 |
| Mastercard | Commercial Data Rate I | Level 1 (no enhanced data) | 2.65% + $0.10 |
| Mastercard | Commercial Data Rate II | Level 2 | 2.05% + $0.10 |
| Mastercard | Commercial Data Rate III | Level 3 | 1.80% + $0.10 |
Rates shown are drawn from Visa's and Mastercard's published U.S. interchange tables for commercial card transactions. The networks revise these schedules periodically (typically each April and October), and the exact category a transaction receives depends on the card product and the data submitted — confirm current figures against the networks' published tables.
A customer pays a $1,000 invoice with a Visa purchasing card. Processed without enhanced data, it lands in Commercial Standard: $29.60 in interchange (2.95% + $0.10). Processed with full Level 3 data, it qualifies for Commercial Level III: $19.10 (1.90% + $0.10). That's $10.50 saved on a single transaction. A merchant running $100,000 per month in similar volume keeps roughly $1,050 per month — about $12,600 per year — in interchange alone.
Level 2 and Level 3 interchange categories apply to commercial card products only — corporate cards, business cards, purchasing (P-)cards, fleet cards, and GSA/government purchasing cards. Consumer cards never qualify for enhanced-data rates, regardless of how much data is passed. For eligible cards, here are the fields each network expects, summarized from the network specifications:
| Field | Visa | Mastercard |
|---|---|---|
| Sales tax amount | Required | Required |
| Customer code / purchase order number | Required on purchasing-card transactions | Required when the buyer supplies one |
| Merchant tax ID | Required | Required |
| Merchant zip code | Required | Required |
| Field | Visa | Mastercard |
|---|---|---|
| Invoice or order number | Required | Required |
| Item ID or commodity code | Required | Required |
| Item description | Required | Required |
| Item quantity | Required | Required |
| Unit of measure | Required | Required |
| Unit price and extended line amount | Required | Required |
| Ship-to and ship-from zip codes | Required | Required |
| Freight, duty, and discount amounts | Required where applicable | Required where applicable |
Field requirements are summarized from the card network specifications. The networks also validate formats and thresholds — for example, tax amounts generally must fall within an accepted percentage range of the sale — which PayKings validates automatically at the gateway level.
Corporate buyers increasingly pay invoices with virtual cards — single-use or limited-use card numbers issued by their AP platform or bank for one specific payment, often locked to an exact amount. For the supplier accepting them, the hard part is not authorization; it is reconciliation: matching each settled payment back to the right invoice and purchase order.
That is the problem Level 3 data solves. A Level 3 transaction carries the invoice or order number, item IDs and descriptions, quantities, and unit prices with the payment itself, so it can be auto-matched to the open PO or invoice in your ERP or accounting system instead of being chased down by hand.
PayKings offers virtual card acceptance with full Level 3 field submission. Virtual cards can be processed through your payment gateway or keyed into a virtual terminal for phone, mail, and emailed-invoice payments, with the Level 3 data fields captured automatically on each transaction. Because virtual cards are commercial card products, passing the full data set also qualifies them for Level 2/3 interchange categories — lowering the cost of accepting them at the same time it fixes reconciliation.
Every transaction also feeds automated Level 3 reporting: transaction-level line-item reports and reconciliation exports your finance team can pull straight into the monthly close.
Comparing providers for B2B card acceptance usually surfaces the same names. Here is how they handle Level 2 & 3 data, summarized from each provider's public documentation and marketing — and where PayKings fits for merchants those providers will not approve.
| Provider | Level 2 & 3 support (per public docs) | Accepts high-risk B2B merchants? |
|---|---|---|
| PayKings | Yes — automated Level 2 & 3 capture, virtual card acceptance, and virtual terminal entry with full Level 3 fields | Yes — specializes in high-risk and hard-to-place B2B businesses |
| Braintree (a PayPal service) | Yes — documents Level 2 and Level 3 data fields for eligible merchants, passed with each transaction via its API | No — conservative underwriting excludes most high-risk categories |
| Dharma Merchant Services | Yes — markets Level 2 & 3 interchange optimization for B2B merchants | No — publicly lists high-risk industries it cannot serve |
| Finix | Yes — documents Level 2 & 3 processing data in its developer documentation | Limited — an infrastructure platform aimed at software companies |
| TransNational Payments | Yes — advertises Level 3 processing for B2B transactions | No — standard-risk focus; confirm industry eligibility |
| Wells Fargo Merchant Services | Enhanced-data support is not clearly documented publicly — confirm directly | No — traditional bank underwriting |
| Exact Payments | Documents enhanced-data support in its payments API — confirm for your integration | Limited — developer-focused, built for platforms and ISVs |
| PayJunction | Yes — advertises automatic Level 2 & 3 processing on qualifying transactions | No — prohibited-industry list excludes many high-risk categories |
| PNC Merchant Services | Not clearly documented publicly — confirm directly | No — traditional bank underwriting |
| Payment Depot (a Stax company) | Interchange-plus pricing passes Level 2/3 savings through; support depends on the paired gateway | No — standard-risk merchants only |
| Helcim | Documents automatic Level 2 enhanced data; Level 3 is not clearly documented — confirm directly | No — excludes high-risk industries |
Support summaries reflect each provider's public documentation and marketing at the time of writing, not a guarantee of current capability or of your eligibility — verify directly with any provider you are evaluating.
The pattern is consistent: providers that document Level 2 & 3 support underwrite standard-risk merchants, and bank-owned programs require you to confirm enhanced-data support gateway by gateway. If your business is high-risk — or has been declined or offboarded by a provider on this list — PayKings pairs automated Level 2 & 3 data processing with underwriting built for hard-to-place B2B merchants.
Yes. Braintree — a PayPal service — documents Level 2 and Level 3 processing for eligible merchants: Level 2 fields such as tax amount and purchase order number, plus Level 3 line-item fields, are passed with each transaction through the Braintree API. Two caveats matter for B2B merchants. First, capture is not automatic — your integration has to populate the enhanced-data fields on every transaction, or it settles at standard commercial interchange. Second, eligibility is limited: Braintree underwriting excludes many high-risk B2B categories, and accounts can be offboarded after risk review. If Braintree has declined your business — or you would rather not build and maintain the data-field integration yourself — PayKings provides Level 2 & 3 processing with automated data capture and underwriting designed for high-risk B2B merchants.
In the world of B2B transactions, Level 2 & 3 data processing is crucial for optimizing costs and improving operational efficiency. At PayKings, we offer advanced solutions that streamline the capture and processing of this valuable transaction data — including for high-risk merchants that mainstream processors decline.
On top of our Level 2 & 3 data processing, we also offer credit card processing solutions with low transaction costs. Get set up with both data processing and merchant account solutions: we'll provide a merchant account, payment gateway, and credit card processing in one underwriting process.
Our Level 2 & 3 data processing services help you qualify for lower interchange rates, reduce processing fees, and gain deeper insights into your business transactions. By automating the collection and submission of detailed transaction data, we enable you to maximize savings, improve reconciliation, and strengthen financial management with automated Level 3 reporting.
Everything you need to know about enhanced data processing and interchange optimization
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