Hi, What does it mean if a merchant asks if we hav...
# general
s
Hi, What does it mean if a merchant asks if we have "Interchange Levels card data support" as a payment provider app in NetSuite?
j
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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but sometimes to get that better rate you have to transmit more information (address, etc.) about your customers to lower the risk profile
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s
Thanks 🙂