Merchants who process Level 3 transactions save money with lower interchange rates than that available for Level 1 or Level 2 purchases. In addition, they receive detailed reporting that allows them to track transactions from inception to settlement. Reporting can also be customized with up to 100 different fields.
Merchants who offer L 3 processing are able to tap into the (often large ticket) purchases of large corporations and government agencies by attracting customers who use Level 3 purchase cards. Free Merchant Terminal passes the data, including customized fields for reporting purposes, back to the merchant, which fosters relationships between merchants and their L3 buyers.