high volume merchant account

What is a High Volume Merchant Account? 

If you are processing an unusually large number of transactions per month, or your transactions consist of large ticket items, you may want to consider a high volume merchant account. A high volume merchant account approval allows the expansion of your business to be limitless. You will be able to process an extremely large amount of monthly transactions with dollar volume. Or you can process very large ticket items based on specific parameters and underwriting done prior to the actual transactions taking place.

If you do not have a proper High Volume Merchant Account you may find your funds placed on hold if your transaction volume continually surpasses the limit set by your merchant account provider. You may even be prevented from processing all together should the merchant processor not be aware that you are processing past your limit ahead of time. It is important that you call us today so we can make sure you are set up properly for your high volume merchant account transactions. 

What is High Volume Payment Processing

Businesses that process at least $100,000 every month are considered high volume payment processing merchants.

When you go through the process of signing up for a merchant account, most merchants accounts have an average transaction limit set between $2,000 – $10,000 a month. If you consistently process past your transaction limit, then you may find that your funds are placed on hold because of high volume payment processing You may even find your merchant account has been suspended pending an inquiry from your processor. Please keep in mind that you are not being punished because you are  successful. These processing limits are a necessary way for the merchant account industry to discourage fraudulent merchant accounts. Often time scammers will go through the process of setting up a merchant account and then run massive charges with stolen credit cards through the account. When customers start to see charges from their stolen credit card and the merchant account starts getting hit with chargebacks, scammers shut down their account and move on to the next target. That is why the processing limit is necessary. It helps High Volume Payment Processing providers protect themselves from all the damage that can be done by an account with no transaction processing limits.

What are the Benefits

The primary benefit of a high volume merchant account is that the amount of transactions and dollar volume you process will not be in jeopardy. You have the ability to grow your business to the level that suits you as the business owner. You are receiving the maximum amount of processing volume, with the maximum amount or security at the best price and service possible. Additionally, you will most likely receive processing discounts with a high volume merchant account that can help you save money. High volume merchant accounts typically have more security in place than regular merchant accounts. With large ticket items it can be important to make sure that all of your customers are legitimate through a detailed verification process. There is more at stake in regards to chargebacks for large ticket items.

Is There a Difference Between High Risk and a High Volume Merchant Account?

Yes. There is a rather large difference between a high risk merchant account and a high volume payment processing. A High Volume Payment Processing acquirer requires that you prove you are a credible business with a proven credit card processing history. High volume is typically anything over $100,00 (this varies from one merchant account provider to another. A high risk merchant account is typically reserved for those with bad credit history or a business that falls into one of the high risk industries listed below: 

· Adult Related eCommerce

· Male Enhancement

· Air Charters

· Marketing/SEO<

· Bail Bonds Merchant Accounts

· >Muscle Enhancement

· Check Cashing

· Nutraceuticals

· Coins/Collectables

· Online CBD

· Collections Agencies

· Online eCigarettes and Vape

· Credit Repair/Restoration

· Online Firearms and Ammo

· Dating Websites

· Online Liquor/Wine

· Debt Relief/Consolidation

· Online Tobacco

· Direct Marketing/MLM

· Payday Loans (including Tribal

· Document Preparation

· Short Term Loans

· eCommerce

· Skincare

· Furniture

· Student Loan Assistance

· Gentlemen’s Clubs

· Tech Support/Remote IT

· Home Improvement

· Teeth Whitener

· How To Businesses

· Timeshares

· Jewelry

· Title Loans

· Legal Advising

· Travel Packages/Tour Operators

· Magazine Subscriptions

· Trial/Continuity

· Mail Order/Telephone Order

· Web Development

Payments Can I Accept with my High Risk Merchant Account

When a business gets a high volume merchant account credit card payments are a mandatory form of payment from customers. This is particularly important for merchants that transact business online and over the phone. A high volume merchant account is similar to a regular merchant account. You will be able to accept all standard credit cards such as: Visa, American Express, Mastercard, and Discover cards.