B2B, Credit Card Processing

B2B Transactions: Level 2 and Level 3 Credit Card Processing

Unfortunately, in October 2017, Visa raised its rates for some commercial transactions and businesses won’t save as much by providing Level 2 or Level 3 data as they did before the change. However, if you take a lot of corporate cards, it can still be worth while. By the end of this guide, you’ll be…

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You have probably been told that business credit cards are expensive to process. That’s not exactly true. What you haven’t been told is that there are steps you can take to get lower pricing. It doesn’t matter how big or small your business is – if you take business credit cards, you can qualify for better rates. B2B transactions don’t have to cost more.

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Credit Card Processing

Visa Purchasing Card Not Present

The Commercial Purchasing Card – Card Not Present (or COMM CNP P) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a commercial purchasing card instead of a consumer credit card.

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Visa’s Purchasing Card-Not-Present is an interchange category. It refers to payments made using a commercial purchasing card when the card is not swiped.

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Credit Card Processing

Visa Corporate Card Level II Data Rate

Corporate Card 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.

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Corporate Card Level II is a Visa interchange category used to calculate the interchange fee for card-not-present transactions made with a corporate credit card instead of a consumer credit card.

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Credit Card Processing

Visa Business Card Not Present

The Business Card – Card Not Present (or COMM CNP B) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a business credit card instead of a consumer credit card.

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The Business Card Not Present (or COMM CNP B) is a Visa interchange category that is used to calculate the interchange fee for card-not-present transactions made with a business credit card instead of a consumer credit card.

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Credit Card Processing

Visa Business Card Level II Data Rate

The Business Card Level II (US COMM L2) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a business credit card instead of a consumer credit card. Interchange rate & fee: 2.05% + $0.10 Also known as: US COMM L2 Qualification criteria The Business Card Level II interchange…

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Visa’s Business Card Level II (US COMM L2) is an interchange category used to calculate the interchange fee for card-not-present transactions made with a business credit card.

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Credit Card Processing, Uncategorized

Visa Purchasing Card Level II Data Rate

Purchasing Card 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.

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Purchasing Card Level II is a Visa interchange category used to calculate the interchange fee for card-not-present transactions involving a payment made with a purchasing card.

Read the full article

Credit Card Processing

Visa Corporate Card Not Present

The Corporate Card – Card Not Present (or COMM CNP C) is an interchange category that is used to calculate the interchange fee for card-not-present transactions involving a payment made with a corporate credit card instead of a consumer credit card. The transaction takes place by phone or mail. This category may also apply if a card is not swiped.

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Visa’s Corporate Card Not Present interchange category refers to card-not-present transactions made with a corporate credit card instead of a consumer credit card.

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Credit Card Processing

Visa EIRF

EIRF is a Visa interchange category that indicates a downgrade. Transactions qualify for EIRF when they don’t meet the criteria for categories with lower rates. For example, a transaction that is keyed-in to a terminal without address verification information instead of being swiped may fall into the EIRF category.

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EIRF is a Visa interchange category that indicates a downgrade. Transactions qualify for EIRF when they don’t meet the criteria for categories with lower rates.

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