Merchant Account Terms & Definitions

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Level 1 Data. A data which includes information captured during a credit card purchase transaction Typically this data is as follows: supplier/retailer name, total purchase amount, date and merchant category code.

Level 2 Data. This type of data includes Level 1 information and additionally the following: customer's accounting code, merchant's Tax ID number, sales tax amount, zip code and more.

Level 3 Data. Includes line-item detail such as item description, quantity, unit of measure, price, and more.

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