SwipeSimple supports Level 2 Interchange Qualification on the Virtual Terminal and Invoicing features, which lowers interchange fees for business to business transactions.
Transactions will automatically be attempted to qualify for Level 2 if the merchant adds the following fields:
- Tax (between .01% and 30%)
- Reference Number (can be any alphanumeric combination up to 64 characters long)
All other required data is automatically completed for the merchant.
Note: The processor controls whether or not a transaction ultimately qualifies for Level 2 and what the subsequent interchange fee is, this data is not ultimately available within SwipeSimple. Please contact your Merchant Service Provider for more information.