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. This interchange category has several rates associated, depending on the " spend tier" associated. Interchange rate & fee Spend tier I: 1.90% + $0.10 Spend tier II: 2.05% + $0.10 Spend tier III: 2.10% + $0.10 Spend tier IV: 2.20% + $0.10 Spend tier V: 2.25% + $0.10 The interchange table does not list the corresponding dollar amounts for each tier, but Visa's other tiers (such as for supermarkets) typically go from largest volume at tier 0 or 1 to the smallest volume at tiers 4 or 5. Also known as: US COMM L2 Qualification criteria The Business Card Level II interchange category will apply under the following conditions:
- The card is not present (or is keyed in) at the time of purchase
- The transaction takes place at a US-based merchant with a US acquirer
- The transaction is CPS qualified
- Enhanced clearing data must be provided
- Merchant Category Code (MCC) cannot be a travel service
- Transaction must be settled within three days of the original transaction date
Ben Dwyer began his career in the processing industry in 2003 on the sales floor for a Connecticut‐based processor. As he learned more about the inner‐workings of the industry, rampant unethical practices, and lack of assistance available to businesses, he cut ties with his employer and started a blog where he could post accurate information about credit card processing. As the blog gained in popularity, Ben began directly assisting merchants in their search for a processor. Ben believes in empowering businesses by providing access to fair, competitive pricing, accurate information, and continued support. His dedication to transparency and education has made CardFellow a staunch small business advocate in the credit card processing industry.
