Note that in the past, Visa has had two categories for commercial level 2 cards - one for corporate cards and one for purchasing cards. As of 2023, Visa's published interchange table shows one consolidated category - commercial level II. Interchange rate & fee: 2.50% + $0.10 Also known as: US CORP L2 Commercial Level II (also known as US CORP L2) is an interchange category that is used to calculate the interchange fee for card-not-present transactions (including keyed transactions) involving a payment made with a corporate credit card instead of a consumer credit card. Qualification criteria The Corporate Card Level II interchange category will apply under the following conditions:
- The card is not present (or is keyed in) at the time of purchase
- The card is used for a non-travel payment
- The transaction takes place at a US-based merchant with a US acquirer
- The transaction is CPS qualified
- Enhanced clearing data is provided
- Merchant Category Code (MCC) cannot be a travel service
- The transaction is settled within 3 days of the original transaction date
Ben Dwyer began his career in the processing industry in 2003 on the sales floor for a Connecticut‐based processor. As he learned more about the inner‐workings of the industry, rampant unethical practices, and lack of assistance available to businesses, he cut ties with his employer and started a blog where he could post accurate information about credit card processing. As the blog gained in popularity, Ben began directly assisting merchants in their search for a processor. Ben believes in empowering businesses by providing access to fair, competitive pricing, accurate information, and continued support. His dedication to transparency and education has made CardFellow a staunch small business advocate in the credit card processing industry.
