Depending on the Credit Transaction Level I, II, and III, a Vendor and Customer May Qualify for a Lower Interchange Rate

Scott E. Blakeley, Esq.
November 9th, 2012

Depending on the detail of the information that is passed on with the credit transaction (in the Business to Business setting there exists three levels), the transaction may qualify for a lower interchange rate. The lower interchange rate given from the credit card companies to the vendor can then be passed on from the vendor to the customer via a transparent surcharge if the settlement agreement is approved and adopted. This will effectively reduce prices for the customer. Below are the three levels and the information necessary to reach each level.

Level 1: Merchant location zip code, location state; merchant name; transaction amount; date.

Level 2: Must include level 1 information; merchant tax ID number; business and corporate cards must include sales tax; purchasing cards must include sales tax and customer code; merchant minority code and merchant state code.

Level 3: must include level 1 and 2 information; Business and corporate cards and purchasing cards must include line item data; item product code and/or item name.

Therefore, by requiring more information from your customers during a credit transaction, the credit card company may pass on a lower surcharge percentage rate to you as the vendor which you can then pass on to the customer reducing the added factored in price to the overall sale price of the transaction. This is a key way to reducing the vendor’s exposure to higher surcharge rates and maintain a lower, more competitive rate for your customers.

20 Responses to “Depending on the Credit Transaction Level I, II, and III, a Vendor and Customer May Qualify for a Lower Interchange Rate”

  1. construction management

    Contract us here for professional tenant improvements construction that is available for construction projects and ready to do your job at great prices. Ask for a bid today!

  2. pharrell williams solar human race nmd release info

    wholesale price prompt delivery fashion running shoesadidas gazelle mens yellow shoes mens outletpharrell williams diamonds and dollars adidas stan smithbrand newadidas ultra boost triple black uk10 1 2 eu45 1

  3. the product is already in the wishlist browse wishlist new 2017 ua adidas yeezy 350 v2 boost splv cream white

    adidas nmd grey camo for sale freakyyeezy v2 beluga size 9 usadidas y 3 mens adidas y 3 sneakers ss18 adilette slippersgirls high discount adidas zx flux c clemin cblack ftwwht shoes adidas girls shoes in multicolor green adidas shoes outlet sale

  4. adidas pureboost xpose performance running shoes womens gold ink ba8269

    adidas pharrell nmd hu x bbc size us 9 eu 42on feet y3 qasa high dark green sneakerswomens adidas alphabounce alphabounce ck running core black running white core black melumat merkeziadidas yeezy calabasas track pant core mink fw18

  5. nike zoom talaria mid flyknit 856957 001 size 7.5 uk uk

    adidas zx flux c sneakers tennis shoes kids children preschool sizetop quality yeezy boost 950 moonrock van2019 new adidas alphabounce 1 1 best quality sneakers adidas shoes wholesale 1adidas ultra boost 1.0 womens black grey running shoes s77514 rare

  6. classical nike free run 3 womens running shoes orange black nike run free 3 01

    nike brown roshe 2 flyknit sneakers for womenfuzzy grey boot slippers never worn youth largenike free tr focus flyknit womens training shoe 844817 002 size 12buy nike air vapormax flyknit 2 white up to 75 discounts

  7. adidas yeezy boost wave runner 700 36 46 a

    jual adidas alphabounce 2.0 new di lapak pusat sepatuwhere can i buy adidas ultra boost 3.0 dark burgundy red white black size 7special offer adidas ultra boost laceless mid olive whiteblack yeezys 350 v2


  9. Regularização Imoveis prefeitura

    […]Depending on the Credit Transaction Level I, II, and III, a Vendor and Customer May Qualify for a Lower Interchange Rate « Blakeley LLP[…]

  10. lands end other lands end swimsuit cover up

    lipault plume business rolling laptop bag 15 blacknew ray ban rb3025 001 3e aviator gold frame crystal brown pinkradley black leather bag work briefcase bag for sale incasio mens g shock solar atomic multi function digital sport watch 1

  11. love this product black red floral long sleeve wrap dress women

    f f tesco bomber jacket f f tesco bomber jacketmil tec bw flectarn camo wet weather jacket with fleece linerforever 21 cutout camo dress in gray lystczech under armour mens ua spine disrupt black black white athletic shoe

  12. sweden soccer jersey 2019 2018 sweden zlatan ibrahimovic survetement maillot maglia thai quality soccer jersey

    new balance 501 backpack grey running sneakerbuy jimmy choo bags onlinethe hogan stand 2first rate womens jimmy choo margo tan leather tie up cork heel sandal

  13. eden bar stool chairs

    patio garden targetami black white long houndstooth parka in black lystsummer women half sleeve off shoulder tops loose chiffon blouse17 oz ceramic coffee mug travel cup with handle sealed lid and gift box kitchen dining

  14. balenciaga speed high slip on

    womens this girl is officially 90 years old 90th birthday t shirtpray for lean jersey punk men s shirts streetwear baseball shirt funny tops with single breasted summerbuy dfnd london junior boys hoody blackhow shemar moore got involved after child was…

  15. d555 big mens long sleeve polo shirts large mens clothing

    short white summer dress. women fashion outfit clothing style apparel17 off 2019 plus size cold shoulder half sleeve dress in bluedurable australia inflatable air track pvc 6m long gymnastic air tumbling mat for saleleather stag badge extra capacity wa…

  16. essay writing service nottingham essay writing service in australia

  17. Great! AND I and Baby love it! Cool shape, all pro size, all §á§à§Ø§Ñ§Ý§Ñ§ß§Ú§ñ consider! An Inscription in Russian. Printing high quality sewing!! Safely recommend! Thank you gift! Super! It is very nice and high quality! Very fast delivery! Many thanks and Good luck in your business!!! Best regards))))

  18. android,apk,full,android apps,BUSINESS KEYWORDS,Accounting Keywords,Affiliate Keywords,Auto Insurance Keywords,B2B Ecommerce Keywords,B2B Keywords,Biotechnology Keywords,Business Keywords,Business Management Keywords,Business Travel Keywords,Construc…

    […]Depending on the Credit Transaction Level I, II, and III, a Vendor and Customer May Qualify for a Lower Interchange Rate « Blakeley LLP[…]

  19. Recepta na bukmacherski sukces – Typowanie meczów piłkarskich

    […]Depending on the Credit Transaction Level I, II, and III, a Vendor and Customer May Qualify for a Lower Interchange Rate « Blakeley LLP[…]

Leave a Reply