>. Level of compliance required depends on the number of transactions/pa made by the merchant.
>
>not accurate.

I saw this: http://www.pcicomplianceguide.org/pcifaqs.php#1

"All merchants will fall into one of the four merchant levels based on Visa transaction volume over a 12-month period."

1 : over 6m
2 : 1m - 6m
3: 20,000 - 1m
4: Less than 20,000