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How Most Merchants Process

Level/Data I

2.30%

2.75%

2.75%

2.65%

 

Visa EIRF                       

Corporate Electronic    

Purchasing Electronic 

Business Data Rate I         

How a Few Merchants Process

Level/Data II

Visa EIRF  

Corporate Level II

Purchasing Level II

Business Data Rate II

2.30%

2.05%

2.05%

2.00%

How Very Few Merchants Process

Level/Data III

Visa Keyed

Corporate Level III

Purchasing Level III 

Large Ticket    

Business Data Rate III

1.80%              0.50% Less

1.95%      0.10-0.80% Less

1.95%      0.10-0.80% Less

1.45%      0.60-1.30% Less 

1.75%      0.60-0.90% Less 

Above is a small sampling of the hundreds of interchange categories.

Attention: Level/Data III is short for "Visa Level III" and "MasterCard (MC) Data III".   

 

Visa Level III and MC Data III are based on how a transaction clears. 

 

Merchants get confused when they see:

  • Visa Tier 3 (T3), thinking this is good, or Visa Tier 4 (T4), thinking it's even better! Tiers have nothing to do with how a transaction clears, and is not controlled by the merchant.  

  • MC Level 1, 2, 3 and 4: MasterCard uses the word "Level" instead of "Tier". However, they are the same thing.  

 

Are your transactions clearing at Level/Data III?

      

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