Transactions qualifying Level 2, shown on statement as L2 or Corporate Card L2 are business card transactions which DID qualify at the lowest rate because all fields/prompts were filled in correctly when the sale was transacted. Prompts include AVS (address verification), Sales Tax, P.O. number, or other fields on the terminal or POS system. For even lower rates, Merchants can request special Level 3 processing where additional prompts are included, which reduces risk of chargeback.
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