What is Level II Processing (2)?
Level II (2) transactions normally involve corporate credit cards issued from a U.S. Bank. Transactions that qualify for Level II processing cost the Merchant less than Level I transactions. To qualify for Level II, a transaction must be passed with: Merchant name, transaction amount, date, tax amount, customer code, Merchant postal code, tax identification, Merchant minority code, and Merchant state code.
Electronic Merchant Systems Payment Processing Glossary :
Defining key payment processing and merchant services industry terms to help business owners make better decisions.