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.