Tags: mx merchant

Can I access reduced interchange rates if I don’t charge tax?

Visa and Mastercard have very particular rules about what is required in order to receive level 2/3 rates. The one requirement that typically causes the most frustration for merchants is a Tax Value. Per Visa/Mastercard’s rules, you are required to submit a tax value with your sale if you want to qualify for the lowest rates.

How do I complete PCI Compliance in MX?

Your MX Merchant account is pre-linked with ControlScan, one of the most trusted PCI vendors there is. It’s easy to become PCI Compliant in MX. To do so, simply follow these steps to login through ControlScan and MX.

MX Dashboard – View your Business Data

MX Dashboard gives you a snapshot look at your processing over different time periods. Learn how to use the Dashboard feature to understand your business processing. This video will explain common settings and best practices.

What is Level 2 and Level 3 data?

Level 2 credit card processing refers to a more detailed transaction designed to support business-to-business (B2B) payment processing. Many businesses and government offices require that their vendors accept detailed transactional information along with the sale. In addition to simplifying the B2B transaction, providing Level 2 data along with the sale allows access to lower interchange rates.