Level II Interchange Qualification

SwipeSimple supports Level II Interchange Qualification on the Virtual Terminal, Scheduled Payments, and Invoicing features, which lowers interchange fees for business to business transactions. Also, FSA/HSA cards that can run as Credit cards are available for Level II.

Transactions will automatically be attempted to qualify for Level II 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 II and what the subsequent interchange fee is, this data is not available within SwipeSimple. Please contact your Merchant Service Provider for more information.

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