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Why does Mastercard use Data for Level 2 & 3 interchange rates?

When checking if you received reduced Level 2 or Level 3 interchange rates using the Fee Summary Report or Financial Actions by Payout ID Report, the Fee Detail field displays the following suffixes per card scheme:

  • Mastercard – Data II or Data III

  • Visa – Level 2 or Level 3

  Mastercard uses data range terminology for its enhanced interchange programs because the term Level has a different meaning in its fee structure.

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