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Learn about Level 3 data processing in QuickBooks Payments

by Intuit12 Updated 4 months ago

Learn about Level 3 data processing in QuickBooks Payments.

Level 3 data are line-item details about a credit card purchase. It includes items, quantities, and other order info. With Level 3 data processing, QuickBooks sends this info to Visa and Mastercard.

  • This level of data is only shared when you process a commercial card.
  • The card association and issuing bank sends the info to the cardholder's company. This helps them monitor and record their purchases.
  • Use this to strengthen your business bond with your clients.

Examples of level 3 data

DataDescription
Freight amountTotal freight or shipping and handling charges
Duty amountImport or export charges
Discount amountAmount applied to total order and line items
Product codeProduct code of an item
Product descriptionText description of an item
QuantityNumber(s) of item(s) purchased
Unit of measureStandard for quantity
Unit costCost of measurable unit
Item commodity codeUsed to segment and manage spending
Sales taxTax amount, rate, and type
Line item totalCalculated as price times quantity
Customer reference numberNumbers used to track order

Learn about commercial credit cards

Visa and Mastercard offer these types of cards for companies and government agencies to manage their spending.

  • They can restrict card usage to specific types of purchases.
  • It’s easier to get approval with commercial card payments which helps you get paid quicker.
  • These cards can help lower financial risks for you.

Examples of commercial credit cards

PurposeCard type
Procurement expenses• Visa Purchasing card
• Mastercard Purchasing Card
Travel and entertainment• Visa Corporate Card
• Mastercard Corporate Card
Multi-purpose cardVisa Commercial Card
QuickBooks CheckingQuickBooks GoPaymentQuickBooks Payments for DesktopQuickBooks Payments for Online

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