High volume credit card processing services are available to merchant who complete a either a high number of transactions or large gross volume on a monthly basis. These solutions allow you to process a large number of transactions securely and affordably on a monthly basis. Busy merchants require more safeguards, efficient processing, and consistent fees..
There are a number of companies that require competitively priced merchant solutions specifically created to handle heavy transaction volume. Merchants that manage monthly or subscription fees are more likely to require these services. Companies that operate in the ecommerce industry benefit from specialized merchant processing solutions..
The typical merchant account has a processing threshold that you can’t exceed in a given month. This means that you will jeopardize the merchant account if your transaction volume exceeds a certain dollar amount allotted to you from the start. If you find that you are constantly being assessed ridiculous fees for reaching a transaction limit, you should talk to us about high volume merchant solutions.
There are many advantages to getting a high-volume merchant account with PaymentCloud. There may be funding holds imposed by your current company that could be avoided if you transitioned to a merchant account provider that focuses on high volume accounts. You shouldn’t be subject to a bank holding the majority of the funds that exceeded the monthly processing limit. Additionally, you may be exposed to fraud risks as you process a higher number of transactions in a given month. With a PaymentCloud account, you can avoid some of these risks as there are more safeguards and PCI compliant technologies in place to protect you from chargebacks caused by fraudulent activities. PaymentCloud also offers chargeback mitigation tools and procedures that will cut down on losses and keep your account open longer. Software programs like QuickBooks, SAP and JD Edwards are all easily integrated with many of the available high-volume merchant processing solutions.
Most merchants are able to qualify for the high-volume services if they meet a few criteria. A low chargeback rate under 3 percent is typically a requirement in addition to financials strong enough to support the requested amount. For instance, if you are currently processing to the tune of $100,000/mo and we request $150,000/mo it’s not out of line. However, if we were to request $800,000/mo the processing history would be insufficient to request that amount and the underwriters would lower the amount provided.
A good starting point is usually a thorough assessment of your current transactions. You need to review your fees and compare them against potential savings available when you have a merchant account. Chances are if you exceed your transaction limit every month, you need to consider getting a high-volume merchant account. Our trained account executives would be more than happy to provide a side by side savings comparison.