Don’t Lose Sales By Not Knowing Your Merchant Account Limits!

As strange as this may seem, merchant account providers shut down accounts if the total processed amount exceeds the businesses profile, which was set-up up during the initial application process and is usually only 30% higher then what the merchant initially estimated would be their monthly Credit Cards sales volume would be.

I know this may seem silly that the Merchant Account Provider would prevent a business from having increased sales and growth, but the merchant account provider is simply trying to circumvent any fraudulent activity. When a business has spike in sales that is much higher then their typical sales profile, it triggers suspicion bots that will put a freeze on a businesses merchant account not allowing them to process credit card transactions till the following month and possibly even holding funds back as a reserve against possible future chargebacks.

All this can cause the business owner some serious cash flow problems.

To avoid such scenarios happening to your business, you want to make sure you are aware of your merchant account limits and then make sure they are set high enough to handle sales growth and sale spikes cause by holiday seasons. Finding out what your merchant account limit is should be as easy as making a phone call to your Merchant Account Provider. You can never have too much communication between you and your merchant account provider.

If you have a good merchant account specialist/broker then they should be able to help guide you through how to deal with your merchant account limits, merchant account profile, and how to change your profile limits as your business grows or has growth spurts.