Explain the different levels of transaction data that suppliers can provide?
All Visa Merchants are defined as being minimum credit card capable, also referred to as Basic or Level 1. This will involve the use of a terminal that will deliver only basic GPC Visa transaction data (i.e. name of cardholder, date of transaction, supplier name and total amount spent as a minimum). Visa Merchants that operate terminals capable of Summary VAT (also sometimes referred to as Standard or Level 2) provides a consolidated description of the items purchased and will also show the VAT amount separately. A GPC Visa transaction through this type of terminal is acceptable as VAT evidence up to a value of £5,000 inclusive of VAT. Visa Merchants that operate terminals capable of Line Item Detail (also sometimes referred to as Enhanced or Level 3) typically requires additional software to deliver the enhanced data with the transaction data, including evidence for VAT and providing line by line description of each item purchased along with itemised VAT amounts.
