Try replacing the code you posted with:
Code:
ActiveWindow.View.ShowFieldCodes = True
With Selection
' URL
ActiveDocument.Hyperlinks.Add Anchor:=.Range, Address:="|", TextToDisplay:="Print Item"
.Move Unit:=wdCharacter, Count:=-4
.End = .End + 1
ActiveDocument.MailMerge.Fields.Add Range:=.Range, Name:="Website_URL"
.EndKey Unit:=wdLine
.TypeText " / "
.EndKey Unit:=wdLine
' TEXT LINK URL
ActiveDocument.Hyperlinks.Add Anchor:=.Range, Address:="|", TextToDisplay:="Text Link"
.Move Unit:=wdCharacter, Count:=-4
.End = .End + 1
ActiveDocument.MailMerge.Fields.Add Range:=.Range, Name:="Text_Link"
End With
ActiveDocument.Fields.Update
ActiveWindow.View.ShowFieldCodes = False
Note: This should also obviate the need for the macro I posted before.