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What is a High-Volume Merchant Account?

When you have high volume sales, it’s a blessing. After all, more sales mean more profits for any type of business. However, when your customers are paying primarily with credit cards, businesses may run into problems.

High-volume businesses often face increased risks like chargebacks and fraud. As a result, many traditional processors reject them. Without a high volume merchant account, your ability to accept credit cards and grow your business could be at risk.

For high-volume merchants, the best thing to do to continue to accept credit cards is to turn to a high-risk credit card processor for a high volume merchant account. Those that choose to continue to work with other financial institutions may find that their accounts become frozen; there are data security liabilities and irregular payment schedules.

If you want your business to succeed, you need to work with a credit card processor like High Risk Pay to obtain a high-volume merchant account. We specialize in high-risk merchant accounts and back you up with the experience necessary to keep your enterprise accepting credit cards and maximizing profits.

Obtain Yours Today!

A merchant account allows businesses to accept credit and debit card payments, which is essential for those selling online or over the phone. If your products or services are offered digitally, a high volume merchant account ensures customers can easily complete transactions without interruptions.

To be eligible for a high volume merchant account, businesses must process at least $100,000 per month. Here are the types of businesses that can benefit from a high-risk merchant account.

• Property management companies processing monthly rental payments
• Merchants with recurring annual or monthly fees
• Subscription-based companies that ship products monthly
• Merchants with recurrent membership fees
• Digital retailers offering downloadable products or services

Merchants that have multiple single transactions per day need a secure method for accepting credit card payments. We pride ourselves on working with high-risk merchants and high-volume businesses. See more about High Risk merchant payment processor.

You can begin the process by filling out an application with us today!

What’s the Difference?

Difference Between high Volume & High Risk

A high volume merchant account gets treated much the same as a high-risk small e-commerce merchant account, especially when average sales are regularly higher than expected. The same is true when businesses that have recently opened their accounts haven’t established a transaction history or demonstrated reliability to a traditional merchant services provider. In particular cases, the provider might cite these as reasons not to trust a new account with a high limit.

How CC Theft Affects the Business

Credit card theft remains a challenge, even with improved protections. To minimize exposure, many providers limit high volume payment processing, leaving merchants to handle fraud risks on their own.

Most cardholders are honest, but bad actors target businesses with high-value purchases. Without the right high volume merchant account, merchants risk chargebacks and revenue losses before fraud is detected.

If fraud or refund issues go undetected, businesses often have no recourse. This is why low-risk providers hesitate to approve high volume merchant accounts without clear evidence of reliability.

When Daily Sales Fluctuate Widely

As mentioned, when you apply for a high volume merchant account, you’ll estimate your average daily transactions. If you feel that your daily average is on the high side, you can ask for an upper limit. But The problem is that you most likely won’t get the limit you ask for even though you’ll need a high-volume merchant services account. Several reasons can result in this denial, including the following:

• Poor personal credit history
• Relatively new business
• Little to no banking or credit history for business
• Product is not on premises

Some companies process multiple payments on one day each month. Others do so every other month, quarter, or year. These types of businesses need a high-volume e-commerce merchant account provider that understands how they run — and that knows that card denials are likely to happen. Some of these firms include the following:

• Gyms and health clubs that process membership dues once a month
• Businesses selling one product on fixed schedules
• Property management companies that accept monthly rents
• Products sold by monthly subscription, such as a magazine
• Companies that sell products such as hemp or CBD at wholesale

What Happens When Volume Is High

A high volume merchant account (usually large volume businesses) is treated the same as high-risk merchant accounts by banks because the risk of fraud is greater in both. However, a merchant account provider might raise the limit if the business goes over the limit for the day. The provider might temporarily increase the limit to allow the transactions to process, then lower the limit again for the next day. This action is made with the understanding that every merchant has a high volume or large volume day periodically. However, such a high period of activity isn’t expected again for some time.

While this action might seem generous on the high volume merchant account provider’s part, it doesn’t help a business that sees a surge in ticket sales for a pricey product. Read more: How to Speed Up the Delivery Process

Urgent Needs for High Volume Merchant Accounts

A large volume business needs a high-volume merchant account. But sometimes a product moves off shelves as soon as it’s stocked. In such a case, a business doesn’t always have time to set up a relationship with a merchant services provider on the fly. Also, time pressures might not allow the business owner to improve a personal credit score.

A high-risk merchant account may need a balance kept in an account to cover refunds. This balance makes sure that the provider and bank aren’t out their money for any longer than necessary. Leaving a balance in an account can keep them happy, but the business may write off the income even though the money is still in the account.

Serving Your Customers

You want to make sales easy for your clients. But you also want your merchant account provider to treat you fairly. After all, the ability to process credit cards without worrying about account closure is itself a form of freedom. The best solution to this problem is to work with a high-risk merchant services provider. You want one that understands that high-volume or large volume comes with a greater potential for unwanted customers. At High Risk Pay we not only try to provide clients with favorable terms, but we give you the best customer service as mutual respect to our clientele. 

Read more: How to Take Charge Of Your Inventory

When an account holder’s income exceeds the limit for too many days, the provider has the right to close the account. But since you have no control over how much product gets sold each day, you may feel as though the provider is punishing you for your success.

At High Risk, we provide payment gateways and payment processing as a bundled service for our customers. We aim to tailor solutions to suit the nature of each business, whether it is a cbd, adult entertainment, or credit repair business, as long as you run a law-abiding business, we should be able to provide the tools you need to reach maximum potential. With years of experience, we offer tailored solutions to help businesses in regulated industries reach their maximum potential.

Have you thought about working with a high-risk merchant services provider to avoid account closure? A high-risk merchant account provider knows that theft and refunds are more likely with a high-volume merchant account credit card processing account. Such a vendor can have more tolerance for the issues that your business may face.