Hi, What does it mean if a merchant asks if we have "Interchange Levels card data support" as a payment provider app in NetSuite?
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James Morris
05/22/2024, 2:19 PM
Credit card processors will often charge different rates depending on volume, risk profile of your customers, and other factors. I think they're basically asking for a better rate/lower merchant fee from your processor.
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James Morris
05/22/2024, 2:21 PM
but sometimes to get that better rate you have to transmit more information (address, etc.) about your customers to lower the risk profile