Merchant Account Blog & Credit Card Processing Blog

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Level 4 Merchants:

According to Visa’s Website, a level 4 merchant is described as: Any merchant processing fewer than 20,000 Visa e-commerce transactions per year, and all other merchants-regardless of acceptance channel-processing up to 1,000,000 Visa transactions per year. Please keep in mind that this reffers to Transactions Processed, not dollar volume processed.

PCI Compliance Requirments:

An annual PCI Self-Assessment Questionnaire is to be completed ans signed by the Principal or Officers of the company. Questionaire should be available by contacting your merchant services provider.

A Quarterly Network Scan provided by an Approved Scan Vendor, is also required.

Again, please direct any questions to your merchant services provider, as failure to become compliant could result is termination of your credit card processing agreement.

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Level 2 Merchant:

According to Visa’s Website, a Level 2 merchant is described as: Any merchant-regardless of acceptance channel-processing 1,000,000 to 6,000,000 Visa transactions per year. Again, please keep in mind that this is Transaction Volume, not dollar volume.

PCI Compliance Requirments:

An annual PCI Self-Assessment Questionnaire is to be completed ans signed by the Principal or Officers of the company. Questionaire should be available by contacting your merchant services provider.

A Quarterly Network Scan provided by an Approved Scan Vendor, is also required.

Again, please direct any questions to your merchant services provider, as failure to become compliant could result is termination of your credit card processing agreement.

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 PCI DSS stands for “Payment Card Industry Data Security Standard”. The card associations are cracking down on loose security measures with regard to credit card processing. The new effort will provide new standards to follow with regards to credit card data handling and data security.

Seems that not only eCommerce Transactions are in question, as the card associations have defined different levels, including “Card Present” retail transactions. Security issues will vary by level and all merchant types must be within compliance or risk termination of your merchant account.

We will be covering this topic in detail, shortly. 

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