High Volume Merchant Accounts
If you own a business, where a higher number of transactions are being processed per month, you will get the need to obtain a high volume merchant account. Otherwise, you will not be able to expand your transaction processing capabilities, along with the development of your business.
Before you obtain a high volume merchant account, it is important for you to have a clear understanding about the high volume merchant accounts and what benefits are linked with having a one. When you are signing up for a merchant account, you would usually be limited to an average transaction limit, which ranges in between $2,000 and $10,000. This number can vary based on many different factors. If you exceed this limit, you would come across the situation where your transactions would be placed on hold. As a business owner, you know the frustration linked with this type of a situation. That’s where you will have to obtain a high volume transaction account.
Processing a higher volume of transactions means that you are reaching success. You should never let any other external factors keep you away from achieving success. That’s where a high volume merchant account comes into play.
When you take the decision to sign up for a high volume merchant account, you are provided with many different options to consider. First of all, you will need to prove that you are offering a legitimate service for your customers. If you have a positive history with your merchant account, with an extremely lower number of chargebacks, you are provided with an excellent resource to provide in order to obtain a high volume merchant account.
If you have maintained a merchant account for several years, you are provided with an excellent source to obtain a high volume merchant account as well. You just need to have some sort of evidence to prove that you have been able to maintain a clean history in the past. This can justify the fact that you have never been involved in any type of a fraudulent business.
When you are equipped with all the resources, you can simply go ahead and apply for a high volume merchant account. The process that you have to follow is pretty much similar to the process that you have to follow to get hold of a standard merchant account. You will be asked to provide some documents including:
- Business checking account statements
- Current processing statements
- Articles Of Incorporation
- Color scan drivers license
- Voided business check
- Financial statement / Tax return ( Optional )
Last but not least, you need to keep in mind that there is always a guarantee to offer you with a high volume merchant account. In some cases, you will receive a lower processing limit. In such a situation, you will have to be patient because you can still go ahead and increase your transaction limit in the future.
Contact Us: If you are experiencing difficulty in getting approved for a high volume merchant account. We can help.
High Risk Merchant Account LLC
915 Folly Road, Suite 49
Charleston, SC 29412