What would be the level of merchant with transactions between 20,000 and 1.5 million annually            CO2a.Level 2b.Level 1c.Level 4d.Level 3

To determine the level of a merchant based on their annual transactions, we can outline the levels typically set by various merchant classification systems. However, since the classifications can vary by organization, I will provide a logical approach based on common practices.

Breakdown of Merchant Levels

1. Level 1: Often for merchants with transaction volumes over $1.5 million annually.
2. Level 2: Typically for merchants with transactions between $1 million to$1.5 million.
3. Level 3: This level usually covers merchants with transactions between $500,000 and$1 million.
4. Level 4: Generally for smaller merchants with transaction volumes below $500,000.

Analysis of Given Transactions

• The annual transactions in question are between $20,000 and$1.5 million.
• Therefore, we identify the potential levels:
  • Transactions of $20,000 fall significantly below Level 4.
  • Transactions approaching $1.5 million would qualify for Level 2.

Verification of Levels

Given the description of the levels:

• Transactions closer to $20,000 align with Level 4.
• Transactions at the upper limit (up to $1.5 million) can lead to Level 2.

Final Answer

Based on the information provided, if a merchant's transaction volume is between $20,000 and$1.5 million annually, they could be classified primarily at Level 4, potentially reaching up to Level 2 depending on the specific figure within the range.

Thus, under specific circumstances, the most appropriate answer is: a. Level 2 (for transactions approaching 1.5 million) but falling into d. Level 4 for transactions closer to 20,000.