Partner Training: Mastering Level II & III Data and NMI’s Merchant Portal

Perfect. Okay. Let's jump right in. Today, we're gonna talk about mastering level two and level three and really understanding what's level two, what's level three, how does that work, what where is it coming from, why are we having that conversation today.

 

And for those of you that are joining, once again, my name is Abraham Kimanes, your senior manager for partner enablement. If you have any questions, comments, concerns, I'll be more than happy to help you and kinda walk through what that's gonna look like for you as I go through this process. Now like anything else, you have the availability to be able to chat with me. I believe I just turned it on here so you can, you can write in a chat box right in here.

 

I'll put in my email if you ever wanna send me an email as well so I can help you. But in addition to that, there's a q and a box that you're able to use as well. In the q and a box, put in your questions, comments, concerns, and remarks. Anything you wanna be able to comment on so that when we go through the process, I can answer them as I go through the presentation.

 

So that being the case, let's jump right in and learn more about level two, level three. Now for some of you, if you already have level two, level three experience, you know what that is, awesome. Take this as a refresher. For those of you that are a little bit newer, learning about level two, what does this look like?

 

What's level three? Why is this important? Let's jump into learning and understanding a little bit more about what is level two, level three, what is interchange, what are we talking about, why is this important, and why do you hear more most likely than not, you'll typically hear your processors talking about how this works for you, how is it going to affect you, and just a couple different items that you have available. So first thing is first.

 

As you can see on your screen here, let's talk about where level two, level three comes from and, really, what is level two, level three, and how is it going to affect you. And we start off by talking about interchange.

 

So what's interchange? Why do we bring up interchange? Why is that a conversation? In our world, when we talk about what interchange means, we have to look at it from two different perspectives.

 

Perspective number one is really finding out how is that gonna affect you with the process that you're working with. Now keep in mind, while at NMI, you have the opportunity to sell the gateway, and the gateway has a couple different functions to help you with level two, level three, and other services, it doesn't necessarily mean or work directly in in terms of what it's, what it's gonna do for the actual transaction, and that's because interchange comes into play. So interchange or the process of a transaction is accepting that transaction with a merchant, becomes a part of the ecosystem that really brings them into the payment world.

 

So on your screen here, you've got a couple of different banks. You've got a couple of different processors and a couple different ideas in terms of what each one does and how it works. So the first thing you see is your issuing banks. Now the issuing banks are the ones that actually issue plastic or issue credit cards or debit cards to the person that's going to be using it.

 

Now, typically, you've got your US Bank, Bank of America, Comerica Bank, anyone that issues you that that card for you to use. Those are called issuing banks. Now issuing banks collect interchange. That's the cost for being able to use or use that card any any of the retailers or restaurants or anyone you use it with.

 

But then you have acquirers. The acquirers include Elevent, Fiserv, Worldpay.

 

You know, maybe you've heard of others, TSYS as well.

 

Besides Fiserv, you also have I'm trying to remember, for whatever reason, I I won't call FD, but FD is for Stata. And you have a couple other, other ones as well that you work with depending on what it is. FIS as an example, to really learn more about what it means to acquire and take those transactions. But in a typical environment, the process of a transaction means that the issuing bank is the one that issues you the card. The acquirer is the one that collects the information and sends it through to the bank that's going to collect it. When you do that, a couple of things happen. First off, you have the process of that transaction, and you learn about the risk that's collected and how it is distributed amongst interchange.

 

Now the cost of interchange is normally the largest percentage of the transaction, and it refers to the type of card that the cardholder is using.

 

Interchange is essentially the raw cost of that card. Now who actually sets the interchange rates? Well, that comes directly from Visa, Mastercard, Discover, and American Express. That's because the association is the one that actually says, hey.

 

These are the rates that you're gonna pay if you end up taking this kind of card. So keeping that in mind and knowing that that's the kind of card that you'll be using or the kind of merchant that you'll be working with, that's the consideration you have to make when working with these types of businesses. It's understanding what it's gonna look like for you and knowing how it's going to affect your transactions because those types of cards that they accept may differ depending on the areas or merchants you work with. Give an example.

 

If you go to downtown Chicago, chances are you'll be taking a larger interchange rate transactions than you would if you go to a local community of Chicago because you might get more debit cards than credit cards. So by us breaking that down, we first need to understand what interchange level or what cost is associated with each card. Now on your screen here, you can see that there's a couple of examples that we can break down. The first one is a regular credit card that gives you no points, no cashback, no rewards, no nothing, but it gives you a credit line.

 

With that credit line, it qualifies for an interchange rate level of one point five one percent plus ten cents per transaction on the Visa network. So the moment you graduate college or you're out in the streets and you collect a credit card and that credit card's a five hundred dollar credit limit and gives you no points, no rewards, just a plain old credit limit, well, that's where you'll see the one point five one percent plus ten cents coming in for that particular transaction. So keep in mind that depending on that environment, that what you're taking in, that's the cost of the car.

 

Obviously, this doesn't include additional fees like network fees, your dues and assessment fees, your cost to be able to mark it up. All of that is in addition to. So that's the one perspective or the one item to keep to keep a hold of and understand where it's coming from. Number two, a points credit card that can come through or rewards card that comes through would typically sit in a rewards one or a rewards two environment.

 

Reward one comes in at one point six five percent plus ten cents, and rewards two comes in at one point nine five percent plus ten cents per transaction. Again, these costs are on the Visa network. And keep in mind that the interchange rates are going to change twice a year depending on when or not even depending on when, but the the months that come in are April and October. It does change twice a year, but they have the availability to change up to six times per year.

 

Now the main or the major changes typically happen in October and or April, but the smaller changes can happen throughout the year. So just keep that in mind.

 

And third, not only do you have larger credit card transactions with points and rewards, but you also have regular debit cards that come through from a nonregulated bank or a regulated bank. They do produce two different types of rates. You've got a nonregulated rate that is point eight o percent plus fifteen cents per transaction, and you also have a regulated rate that comes in at point o five percent plus twenty two cents per transaction. So keep that in mind that you have different rates for depending on the environment that you're working on. And depending on that environment as well is what the cost is gonna come in for what you're using.

 

So we talked a little bit about what that rate looks like. We know that you have the interchange. We know you have different costs that are gonna be associated with what you're taking in. So that being the case, what happens when we take on transactions that are a little bit more expensive or businesses that wanna be able to purchase items for their business or use other b to b environments.

 

Well, we know that the cost of the base transactions come in, but we have to account for the cost of businesses and corporate cards. And that's because it comes in at a rate of level one, which you'll typically see on a statement or when you're talking about b two b, but the rates can vary from two point nine percent and ten cents to three and a half percent plus ten cents. And it really just depends on the card that you're accepting.

 

Keeping that in mind, not only is it on the type of card, but depending on how you're using the card and how it's accepted at the business. So a couple of things to note when taking in cards that are coming in from businesses.

 

Number one, business cards can be accepted anywhere a business requires the need to purchase. So this part is important to understand because a lot of times, people don't realize that, you know, I don't take business cards. I'm a restaurant or I'm a retailer shop. Why would I take credit cards that are from that are business cards?

 

Well, the reality is we don't control the kind of card that's gonna walk through our store. Not only do we not control that, but we also know that dependent on what that card looks like or dependent on the environment as a whole from that card, then we know that depending on, what they're purchasing with, they can use a business card. Now think of it where the FCC code, which stands for master category code, the master category code of any business card can be accepted dependent on how they're turned on. So in here, you have something that's called entertainment, supplies, food, anything that merchants are gonna be accepting cards on.

 

But as you can see, not all merchants accept business cards because they're not set up to take that specific MCC code. So what does that mean, and how do we actually take that into consideration?

 

Well, an MCC code is your master category code. The master category code says that you're taking a transaction for a business, and that particular transaction, depending on the environment you're working on, that particular transaction says, hey. I'm gonna go ahead and take on and purchase let's say, I go to Best Buy, and I'm purchasing ink, toner, a paper for my, for my printer. I'm purchasing business items that are required that are office employees.

 

Well, unfortunately, Best Buy isn't set up with an MCC code of office supplies. It's actually set up as an MCC code for entertainment.

 

So if the bank that gave you the business card, if you tell the bank, hey. I'm gonna give my staff corporate cards that they can use to take out clients for whatever reason. The problem that you come across is that that particular bank or or that particular merchant can say, I want to exclude certain MCC codes so that no one takes advantage of the corporate card and spends it on things that they can't. As an example, let's say they tell you, I want to exclude anything that's going to be entertainment.

 

Well, they exclude, entertainment value. Now we can't use it in any MCC codes that are marked for entertainment or, let's say, retail for, technology or anything that you can purchase. All of that comes into play. And, unfortunately, because we're looking at those environments in the way of how it's going to affect it, unfortunately, if that business card says, hey.

 

We're we're not able to or we're not allowed to be able to use this particular card there, it's always gonna get declined. But at the same time, it can affect you in a lot of different ways. I went to a coffee shop, and, typically, coffee shops you can use business cards with, you shouldn't have an issue. But I went to a coffee shop down in San Diego once, and I have my corporate card.

 

Now I purchased two cups of coffee. Total came out to be, like, eight dollars or ten dollars or whatever I paid, but my card got declined.

 

If my card got declined on those transactions that are coming through, well, either that means I'm gone and I don't know it yet, or something's wrong with that card. I never thought that the MCC code would be the issue. Well, it turns out that the MCC code was the issue, and the reason why is because when I ran my credit card through it and I actually put on there that I wanted to see and understand what is it that I'm going to, end up paying for or what is the credit card environment fee that I'm gonna be paying, well, guess what? It turns out that, the environment came back as a construction company.

 

And because of that, because it came back as a construction company, the issue now is that they're saying I'm running I'm trying to purchase something from a construction company and then a coffee shop. That can cause a lot of people to not wanna come back in and purchase from their coffee shop because my corporate card won't work there. Although it's something small, keep in mind that that does make a difference and it does affect you.

 

Alright. So we talked about the MCC code. The next thing to consider is that most types of cards and business cards are used at other business to business retailers, which often pay the most in interchange because they're the ones that are getting the most types of business cards coming through. So b two b are going to have higher rates of level two and level three environments.

 

This is really where you wanna thrive if you're using programs like level three advantage, which I'm gonna walk through. Because in programs like those where you actually have to pay, a lot of business cards, you can you can take advantage of savings for those level two, level three and pass it through without typically hurting your margins if they're already paying for any kind of, interchange rates that are higher than level two and level three. So keep that in mind.

 

And last but not least, number three, purchasing cards and other methods of business payments that are designed for larger transactions and b two b, you should use them for their point advantage. So think about it. Right? If I'm gonna be able to purchase or I have to make a reservation because I'm doing sales kickoff for my entire company, well, if that's gonna cost me anywhere between, let's say, fifty thousand and a hundred thousand for all of the people that I'm paying, I'm gonna get some kind of reward back.

 

So, typically, companies will say, yes. I'll use a debit a credit card to pay because I'm gonna get rewarded with this transaction, which can actually impact my financials. So depending on what that looks like, you could add on that as an additional revenue source. So keep that in mind.

 

K? So we learned a little bit about the process of the transaction. We learned about what that means. We know that interchange is the factor in what the cost is gonna look like, and we know that there's other factors that may be out of our control or they were set up incorrectly, like the MCC code could be incorrect or I have to take transactions over the phone.

 

It is what it is. You have to pay higher initiate rates because that's what the cost of the transaction looks like. But that doesn't mean that you should also, take on additional losses with the cost that you charge because of interchange. Right?

 

So how do we fix that or what do we do? Well, now we know that the most expensive cards come in are business to business. We help manage that because we're able to use different programs that we've created, which is our level two, level three advantage program.

 

That helps you reduce the cost of each business to business transaction with data that's provided for that particular transaction at the time of sale. So how does NMI actually help reduce the cost? So well, we use our gateway to be able to record the data that comes through that we are able to send to the acquirer to help reduce the cost for the for each transaction that they take. To better understand and learn a little bit more, we need to understand what does level two ask for, what does level three do, and how do our systems automatically process that information.

 

Well, keep in mind that in a level two environment, businesses need to provide additional data. They don't have to. They need to in order for them to get the reduced rate. Once included in that reduced rate, as you can see on here, you have level two transactions.

 

You have sales tax indicator code, merchant postal code, merchant tax ID, order number, invoice number, and customer code. That is all probably all the data you need for a level two environment. On top of that, a level two environment only works on a credit card terminal when you're taking transactions, a gateway, and anything else. Meaning, it has more flexibility because you can use it, through all of the different solutions for you to accept payments.

 

However, when we push it up to a level three, that's going to change. In addition to that, the gateway already provides you with all of the items or nine items for you to input on the actual gateway to become level two compliant. So here we've got order ID, PO number, order description, shipping, sales tax, discount, national tax, duty, VAT ZIP code, VAT invoice, VAT amount, summary quantity code. Everything you need is in here so you can fill it out to be able to submit to get that reduced rate.

 

On a level three environment, businesses need to provide even more data to get a much higher reduced rate.

 

So what's included in level three? In a level three environment, it's all of the same data points that you just saw in the level two, plus production description, product code, unit price, discount applied, line item totals, credit, debit, indicators, freight and shipping cost, duty and import tax, VAT tax, destination, ZIP code. All of this information is even more needed because we don't know where they're gonna be sending out this, the item that they purchased from a level flow level three merchant. But keep in mind that by doing this, not only does it help, does it help merchants reduce their cost, but it also helps them understand the data points that they're taking in to learn what kind of businesses that they're working with, how does that work for them, what is interchange gonna do for them, how how can they basically how can they work through and manage and see how it's going to affect their businesses.

 

But to make it even easier, we've actually come out with a new solution. Well, we've we've had it for a while. That is our automated level three solution that provides programs to help businesses take level two and level three transactions without ever having to worry about lost data or not having the appropriate information to be able to fill out because we automatically enter that information for you inside of the gateway directly. And that's what makes it even more not only desirable, but easier for your merchants to manage because they don't have to add anything in addition to it. So how does that actually work? What am I using to be able to promote that? Well, let's check this out as I log into the actual gateway to learn a little bit more about what I need to do to turn this on.

 

I simply go into the account that's already turned on. I sign in to the merchant activation portal or to the merchant, actual terminal that you see here on your screen to be able to process transaction.

 

Once I log in, you'll remind me later, and I'm gonna go directly into my options and settings.

 

Inside of my settings, you'll notice that I have level three advantage right here for me to be able to take a transaction. So level three advantage already helps me by providing and adding all of those additional services so so that I can take on the automated transaction and not have to worry about what those costs are gonna look like for me because I can then take that transaction and, get the automated service that goes right through. So a couple of things to consider as I make it a little bit easier for me to take those transactions. So keeping that in mind, the other option is you have to make sure that you have it turned on. To turn it on, you go to the App Store. And in the App Store, you have to make sure that your merchant has the availability before you even use this program.

 

By doing so, you'll see it here, and it'll say level three advantage directly on this section here. You have a buy rate when it comes to a level three program. However, anything that's level two is automatically automatically included. You don't have to pay anything extra for level two.

 

Level two is a part of the transaction, so there isn't any in addition to that you have to pay. But for level three, you do have actual buy rates that you have to account for in a level three environment. So keep that in mind as you go through that process because you do have to pay for that. The other thing that you wanna, learn or you also wanna use, even though you have a buy rate, you can always pass that buy rate through and work with your merchants to be able to work on what's that customer look like for you.

 

But, ultimately, by implementing a level three environment, you're gonna be saving even more money than you normally would on a level three transaction, which makes this even better for your merchant. So the reality is by implementing these programs, not only are you gonna save more money well, you're gonna save them more money. It's gonna open up a revenue stream for you because then you can charge them more by using the level three program. And that's really where you wanna start coming into play and really breaking down what does that mean for you, how is it going to affect you, and why that part is important especially by using it.

 

But a couple of things to see, as you can see on the screen here give me one quick second, guys. I wanna be able to pull out this example for you so you can see how it's gonna affect you.

 

I just need to grab one of my cards that I'm looking through here that seems to have misplaced.

 

Available at the moment, unfortunately.

 

Alright. No worries. We'll continue from there. One of the differences that I do wanna point out is once you go into the section here and you wanna be able to take a transaction, depending on the environment that you're working or depending on what you're using, when I go into my options and settings, I can actually tell the system for level three advantage what fees or what is it, not necessarily the fees, but what data information am I going to pass over.

 

On your screen here, you can see that all of the data is already preentered. That means that all of the information you see here is data that will get entered into the system automatically once the system recognizes that you're using a level two or level three card that can take advantage of level two, level three rates. And that's really where you're gonna see the difference. By adding this onto the system, it's gonna automate the process so you don't have to worry about anything in addition to or anything extra.

 

And that's what makes it even easier as you're making those processes or you're taking on those transactions so you don't have to worry about.

 

All of this data will automatically transfer. All you have to do is go to take sale, take your credit card. And when you enter the credit card number in here or when you enter a business card number in here, it's actually going to give you that line item. Alright. Give me one second.

 

Let's see if I can use a actual business card number for you.

 

Let's see if this goes through.

 

So you can see on the right hand side, it says level three not expected to improve rates. Well, when I put in the other credit card number let's hope this works.

 

And so it's reading the card, but it knows that it's not an actual business card. That's why level three is not expected to improve rates. No matter what I put in, it's not going to change because it knows that the BIN number on this particular card will not, qualify, particularly for any level three rates because it's not it's not gonna come through. So now let's change that if this was a regular credit card. What if I put in a business card with the actual business transaction here?

 

Lucky for me, I was able to find it.

 

And voila. If you look on the right hand side, now it says level three is expected to improve rates. I have my order ID, my PO number, my description. Everything was automatically inputted.

 

In here, you've got shipping, sales tax, discount. Everything else that we already have saved and put into the system is already inside. So the cool part here is you're able to break it down. You're able to add the information.

 

By doing this, it'll automatically transfer the data over. So when I take a transaction, it's gonna automatically tell me yes or no if this is going to be able, to help us actually break down what that level two, level three is gonna do. Will it help me improve my rates? Is it gonna benefit me?

 

Is it gonna is it going to benefit me when I enter the data? Yes. And because we have all the data already inside of level three advantage, you don't have to worry about anything else. Keep in mind, you can also create level three templates if you have specific merchants that say, well, for this account or for this transaction, it's always gonna be this.

 

You can create level three templates as well and just choose that to override the data information that you have here. Keep in mind, to be able to change any data information, you go to level three advantage. By going into level three advantage, once you enter the information in here, you can even choose to only send for corporate card transactions or send for all transactions.

 

It doesn't matter if they're eligible for three for level three or not. We're gonna send level three data for all transactions and keep that in mind. I would recommend just doing it for corporate card transactions because it does read the BIN rate and the BIN number on the card, and that's how it determines and knows whether it's a credit card, a debit card, or a business card. And that's why it didn't wanna make those distinctions.

 

Right? So that's our level three advantage. That's how we learn a little bit more about what we can do, how it benefits you, and how it keeps it simple. Now I'm gonna open it up to the group and see if anyone has any questions, comments, concerns, slide remarks, or anything on level two and level three, how it works, or if you have a question on the process as a whole. You can always chat with me on the chat box, or you can put it in inside of the q and a.

 

Alright. I see Tina joined the call. She's got a question. She has her hand raised up. Tina, if you want, you can go ahead and put in your question inside of the webinar chat or inside of the q and a.

 

Is this available in the UK? This is an automatic, program that's a part of the gateway. So if the UK utilizes level two and level three transaction data, then, yes, it is available.

 

Unfortunately, if they do not, then it is not. You would have to consult and work with your processors and acquirers on the level two, level three environment if it comes from the UK.

 

Hopefully, that kind of help.

 

What acquirer support level three? Ashley, great question. Everyone. Essentially, all of your major acquirers are the ones that support level three.

 

So TSYS, FIS, Fiserv, Alavan, everyone takes in level three DApp. Now what I will say is this. Not all gateways support level three. So level two can be ran on credit card terminals, gateways, any way you wanna be able to take it, on your phone if you want.

 

However, in a level three environment, you have to use no matter what, you have to use a gateway for level three to go through. So that all gateways can actually accept and are certified to do level three. So that you have to be careful with. Most today, most can, but not all do.

 

So just keep that.

 

Great question, Ashley.

 

Alright. Any other questions, comments, concerns on level two, level three? Good morning. Level three. I understand level three has transaction count parameters.

 

Okay? Yeah. Depending on what, the parameters are for those level three transactions to come through, it's all of the item fields in here that level three are gonna qualify for. So as you can see on my screen here, it says level three fields.

 

These are the fields that we're gonna be using. You can go ahead and set up what those transaction count parameters look like as well. It doesn't matter if they take a hundred or a thousand. Level three comes in with particularly the data information that gets fed directly to the acquirer.

 

So keep that in mind. Great great comment, and question, Tina.

 

Ashley comes in with, is NMI certified with all compatible acquirers?

 

We basically work with mostly all acquirers. There may be some that we're not, and it could be because it's ISO related or because it's a closed loop system. But we work with TSYS, First Data. We work with Alibaba.

 

We work with Global. We work with FIS. I mean, you name it, we work with them. So if you if you're working with a particular acquirer, we typically work with all of them.

 

We are acquirer agnostic. We also launched our NMI payments solution for those of you that are looking for payments as well. If you wanna expand and learn a little bit more about that, shoot me an email, abraham dot humenez at n m I dot com, and I'll be more than happy to walk you through and talk to you about what, NMI payments can do and work with you. It is a TSYS partnership.

 

It's not a direct sale, so we don't sell to your merchants or anyone on on the in the, in the field. We only work directly with you as a provider if you choose to, to work directly with us on a low on an NMI payments fee.

 

Alright. We have Sarah coming in with a question. Can you list examples of when to offer the level two and level three to merchants? Absolutely. So level two, level three is something that you will always offer to businesses that accept any kind of business transactions, whether you're a restaurant, whether you're a retailer, or if you're in the b two b space.

 

Always have a conversation and ask, hey. Are you taking advantage of level two or level three rates that come through?

 

And the reason why you wanna ask those questions, sir, is because sometimes we don't know. We don't know if the reps set them up to do level two, level three. And to give you a perfect example, if you have a merchant that's on a bundled rate, a flat rate, a tiered rate, oh, well, I only paid two point seven five percent of ten cents. Well, that's fantastic.

 

But if you are a corporate account that takes b to b transactions, you might be losing out on a lot of potentially, revenue because or or not revenue, but you might be pay overpaying because you're not set on interchange plus, and you're overpaying to have the simplicity of a flat rate. That doesn't mean that it's always gonna be helpful. Maybe even for someone that that sells, let's say, you wanna be able to do a flat rate. If you get them up and running on level two, level three, it reduces your cost.

 

You end up making more. So it really just depends on how you wanna use it. You always wanna have conversations with merchants that are gonna be dealing with level two, level three transactions that are are in the business to business space. That's where, primarily, most of those decisions come through, and where they'll take the most advantage of by reducing the cost of those cards.

 

And remember, we're basically saying this. If in my hand, I'm holding a business card and this business card, just by providing level one data, my name, the company, the amount, and that's it, they're gonna pay the highest rate for this card. Three point five percent plus that's that's as an example.

 

If I provide sales tax information or data and I and I send it over to the, to the acquirer, that same car got reduced to two point seven percent.

 

And if I provide this additional data that you see on the screen here for sales tax, discount, duty, VAT, product, community code, everything else, it drops the card even lower to a level three environment, which can bring it all the way down to a one point nine, two point one, two point two percent. Just really depends on what that cost is. But the good news is that it can reduce your rate almost by one full percentage point depending on the data that you have with.

 

Alright. So we have another one coming from Tina. Can a merchant use level two and level three from their online presence? Yes. So, Tina, typically, the environment for a level three is online.

 

Anything that's gonna be card not present online, that's where level three really comes into play. It does work for in person transactions as well. So if you think of, like, Home Depot, someone comes in, purchases all of this material for a work order, yes, it does go through that. It does go in person, but it's primarily designed for card not present and online environments.

 

Great question. Ashley coming in. You can ask as many questions as you want, Ashley. Don't even worry about it.

 

For fields such as VAT rate, shipping rate, tax rate, can values be submitted at zero? Do you have any documentation regarding compliance mission values? Great question, Ashley.

 

So we are only the gateway. Keep in mind, we only provide gateway data that you want us to provide to the acquirers.

 

We don't know nor do we ask what data does TSYS want or what data does First Data want, what data does FIS want. We don't provide that information because we don't know what they're asking you for. Every acquirer might be different. As an example, First Data requires you to submit a value field for the sales tax regardless of what it is.

 

Whether it's zeros, whether it's a one, you have to enter a value. And in your example, that shipping and tax rate, you can put zeros. Zeros is a value. It just cannot be blank.

 

There needs to be a value added on. Now TSES says, I don't want a value. I want a tax exempt box. I want it to say tax exempt.

 

Okay. Great. Then you put on the tax exempt, and you don't have to worry about it. But you have to collect that information from the acquirer you're using, and the reason why is because each gateway may work differently.

 

You may use the NMI gateway, and we have a tax exempt box, But you may use another gateway, and they may not. So it's up to you to determine what information you need to use to be able to pass through so that they can use that information and then minimize that cost. So keep that in mind. Great question.

 

Alright. Tina coming in. Can level two and three benefit a merchant who is processing business to business and processes US charity issue cards where their interchange is point twenty percent equals four percent?

 

Two, point twenty, point twenty percent plus four percent. Tina, I might be confusing the question here, but if you're asking that if you have a merchant that is processing business to business transactions and they're paying twenty bips or twenty cents at four percent, would it benefit them? It may not benefit them. It may benefit you or it may benefit the rep because you're reducing the cost of the card.

 

So it depends on the environment of what you're paying. Now if you're telling me they're paying twenty bips or point twenty percent plus forty cents or or, you know, that's just the markup, then, yes, it's gonna benefit the merchant because level two and level three affects the cost of interchange directly. So if the cost of the card is three percent plus ten cents, and by implementing a level two, level three, it drops it down to two point five and ten cents, they just save point fifty percent. But if you're charging that merchant point twenty percent to process, then you're still only making point twenty percent regardless of whether it's a level two or level three card.

 

So in that environment, if you come across businesses, then that that rate or whatever rate they're paying is gonna make the difference.

 

Coming in, no. They are processing US charity business cards. This is understatement.

 

Yes. Even with US charity business cards, if that charity card is coming in at a level one rate and there is an additional level two, level three rates of that particular card, it may be reduced. I can't control that because I don't know whether or not it can be reduced. It really does depend on the, the interchange rate that's set, that's set by the the, the networks for that, particular transaction.

 

But, yes, there is a potential possibility that based off the bin data information that that rate may be reduced if, if it is coming in at a level of rate. Yes. Great question. Yes. Thank you, Saur. Appreciate it. Thank you so much for the comments.

 

Any other questions on what we just went through? Any other questions on that information that we just went through to learn a little bit more about what this, what this does for you?

 

Great questions, by the way. Great questions that were coming through.

 

Alright. If I don't have any other questions, it was fantastic walking you guys through our level two, level three, and learning a little bit more about what NMI does and how we can help you continue to grow your business.

 

As always, thank you so much for jumping on my call and starting off the very first training sessions for the year. You guys have been amazing. Don't forget, next week, we've got more training calls coming on. Some of them, if you've already joined, they are on a reoccurring basis.

 

If not, then don't worry. I am here for you for anything else you need. Thank you guys so much for joining today. And as always, thank you for doing business with NMI.

 

I'll speak to you soon. Take care, and have a good day.