High Volume Merchant Accounts
Every business wants to increase sales. While high sales volume is definitely a good thing, it can cause problems when it comes to credit card processing. Businesses with high average sales amounts, regular sales surges, or more than $100,000 in monthly sales may find themselves with issues like account freezes and fund holds with the wrong type of merchant account. Even worse, remember that payment processors receive a percentage of every transaction, which can get expensive for high sales volume businesses without a specialized high volume merchant account.
At Express Merchant Accounts (EMA), we understand the unique needs of your business and the challenges you face. We offer high volume merchant accounts with competitive rates and no account setup fees.
What is a High Volume Merchant Account?
If your business has high monthly sales volumes or high volume transactions, it's very important to choose a merchant account provider who can give you the best deal. A standard merchant account limits transaction and sales volume to reduce the risk of chargebacks. In most cases, the volume may be set to $50,000 to $100,000 per month. If you exceed this amount, your account can be frozen or your funds held, potentially putting your business in a very difficult situation.
A specialized merchant account does not penalize your business for high sales or transaction volume and it allows high volume processing, or batch processing, a type of processing in which a large number of payments are processed at once, even on a recurring basis. Batch processing is common with businesses like gyms that charge monthly membership fees, magazine publishers, and management companies.
While it would be reasonable to assume that high volume merchant accounts are easy to acquire because it means your business is doing very well, the opposite is actually true. High volume processing falls under the high risk category because the larger a company, the greater the risk for a company processing payments on its behalf. This is because high volume businesses are more susceptible to fraud and chargebacks which means there must be a system to reduce fraud while providing uninterrupted service.
Despite the drawbacks of a high volume merchant account, which may include higher transaction fees in some cases, there are important advantages as well. This type of merchant account allows you to grow and expand your business without restraints or worrying about fund holds or even a frozen processing account if you exceed monthly thresholds.
Open a High Volume Merchant Account Today
Does your business process more than $100,000 per month in debit and credit card transactions? A high volume account is ideal for any type of high volume business, whether it is a large retail store, a franchise, a gym, or a medical facility. At EMA, we are proud to offer reliable high volume processing services with competitive rates. Contact us today to learn more about the benefits of partnering with an efficient processor and to open a merchant account with no upfront fees or hidden costs.