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Learn about Level 3 data processing in QuickBooks Payments
by Intuit•11• Updated 2 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
Data | Description |
Freight amount | Total freight or shipping and handling charges |
Duty amount | Import or export charges |
Discount amount | Amount applied to total order and line items |
Product code | Product code of an item |
Product description | Text description of an item |
Quantity | Number(s) of item(s) purchased |
Unit of measure | Standard for quantity |
Unit cost | Cost of measurable unit |
Item commodity code | Used to segment and manage spending |
Sales tax | Tax amount, rate, and type |
Line item total | Calculated as price times quantity |
Customer reference number | Numbers 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
Purpose | Card type |
Procurement expenses | • Visa Purchasing card • Mastercard Purchasing Card |
Travel and entertainment | • Visa Corporate Card • Mastercard Corporate Card |
Multi-purpose card | Visa Commercial Card |
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