Level 3 Data

Level 3 data is the detailed transaction information required for Level 3 processing. This can include all the information required for Level 2 data, plus line-item details of the purchase including, but not limited to, the following:

  • item description
  • item quantity
  • item unit of measure
  • item tax
  • shipping details

This granular data helps organizations track and analyze their purchasing habits, and can also benefit merchants by qualifying them for lower interchange rates on certain types of transactions.

Providing Level 3 data helps in reducing the risk of disputes and chargebacks, as the detailed information provides a clear and complete record of the transaction. This can be particularly beneficial for businesses that deal with large transactions or have clients who often scrutinize their charges.