In the past, Visa has maintained two categories for commercial level II - one for purchasing cards and one for corporate cards. As of this update in 2023, Visa's published interchange table shows one consolidated category - Commercial Level II - for both card types. Rate & fee: 2.50% + $0.10 Also known as: US COMM L2 P Commercial Level II (US COMM L2 P) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a purchasing card instead of a consumer credit card. Qualification criteria The Purchasing 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 transaction takes place at a US-based merchant with a US acquirer
- The transaction is CPS qualified
- Enhanced clearing data must be provided
- Merchant Category Code (MCC) cannot be a travel service
- Transaction must be settled within three 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.
