Managing a business that handles thousands of sales a month and high-ticket transactions requires high volume transaction processing. As your business continues to grow and scale, ensuring you have the ability to process sales and payments is imperative. That being said, your high volume business may be considered too risky for standard payment processors to offer you a merchant account.
Obtaining a high volume merchant account not only eliminates risks, but gives you the opportunity to continue processing as many transactions as necessary. Working with us, one of the largest payment processors by volume is a surefire way to continue running your business smoothly.
Businesses that deal with a high volume of transactions or sales that are in the thousands are considered high risk by standard payment processors. Standard payment processors do not typically process for businesses considered high risk or high volume. Some of the reasons a standard payment processor such as Paypal, Stripe, or Square will not approve a high risk business include:
When using a standard payment processor, or a low volume credit card processing service, your business may be at risk. A low volume credit card processing service such as Paypal or Stripe is not prepared or willing to accept a high volume of transactions.
As businesses scale and begin to sell more items or generate more cash flow, it is important to seek out the largest credit card processors by volume to protect your company. When you choose to use a standard merchant account, you may be at risk of having your account frozen, flagged, investigated, or even terminated. In many cases, standard payment processors are not required to provide a warning of any freezing or termination of accounts. If your account is unexpectedly terminated or frozen, you can no longer conduct business using your merchant account.
Working with the largest payment processors by volume and obtaining a merchant account is a way to protect your ability to conduct business. Keep these advantages in mind when searching for a high risk merchant account that is right for you:
Applying for a high risk merchant account requires you to submit personal information such as your name, mailing address, SSN, and even your tax ID (if applicable). You may also be required to submit banking information for both your personal and business bank accounts, depending on how long you have been in operation. Additionally, it may also be necessary to showcase your company's online or offline presence to prove your existence during the application process.
Running a business that deals with a high volume of transactions in any industry can cause disruptions. With a standard merchant account, disruptions and earning issues are extremely common. By working with the largest credit card processors by volume, provide your customers with more options while increasing the amount of revenue you generate. With the right high volume merchant account, continue to grow your business without being hindered by rules and regulations.
Working with our dedicated group of account representatives is a great way to secure a safe and secure high volume merchant account. They get to know your business’ needs and have the infrastructure to get you set up with any integrations and fraud prevention tools. This will guarantee that your merchant account will stand the test of time.
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From day one, Miles has been an overwhelming help to me in making sure I am making the best choices for building my business. His patience with me as he helped me step by step in submitting my application was so appreciated! …The team has been amazing across the board, and I truly cannot thank them enough!
I've been working with the folks at PaymentCloud for about two weeks now. They have made it super easy and they guide you through everything! Their customer service and support is awesome! I'm so glad that we connected with Michael S. and all the other folks at PaymentCloud. Highly recommend!
The agent who helped me to onboard was attentive and consistent throughout the process... They made sure I knew how to manage my accounts and had them properly set up and in compliance. They turned what could’ve been an intimidating process riddled with errors into a smooth transition for my business.