Raising the Processing Limit on a High-Risk Payment Account


    Stable high-risk payment accounts are hard to establish. For businesses in high-risk industries, approval for a merchant account with a monthly processing volume that suits your needs can be even harder to pin down. All companies have the intention of growing and increasing revenue. As such, there will come a time when you will have to request a higher processing cap on your high-risk merchant account.

    These requests are not always approved. Establish a positive merchant history and ethical business practices to increase your monthly high-risk processing limit. Having minimal fraudulent transactions and low chargeback percentages are a great start to qualify for a higher limit! Read on for further tips to increase your approval chances.

    High-Risk Payment Account with Low-Risk Business Practices

    As mentioned earlier, to increase your processing volume develop a positive connection with your current merchant provider. A simple way to show this is by engaging in ethical business practices. Provide the goods or services purchased by your clientele quickly and without frustration.

    Some additional suggestions include:

    • Keep detailed inventory statistics on hand to fulfill orders efficiently in place that helps
    • Ensure chargebacks are less than 1% monthly
    • Establish fraud policies
    • Train employees thoroughly for a positive customer experience
    • Provide any documentation requested by your merchant provider without hesitation

    Growing Your High-Risk Business

    Don’t be frustrated if initially approved for a lower processing limit than requested. Celebrate your approval – no matter the processing limit! High-risk merchant accounts are hard to come by! Take into consideration trust, and professional reputation takes time to build, especially if you are a new high-risk business. Generally speaking, a positive and robust merchant track record of 6 months is enough to request a processing volume review.

    It’s also important to notify your merchant provider if your monthly limit exceeds at any time. Develop a positive rapport from the get-go. Many times your merchant back will approve temporary volume increases so you won’t lose sales.  The bottom line is, provided you follow acceptable business practices and establish a reputable standing within your high-risk industry – the chances of receiving a higher processing limit increase several-fold.

    If you’re not happy with your current high-risk payment account, let the Payment Savvy team create a custom payment solution that works for your business. With over 75 years of combined high-risk payment processing experience, our products are innovative, established, and built to grow your business fast!

    With close to two decades of experience in sales and operations, Jason never hesitates to go above and beyond to meet our client’s expectations. He is our payment solution guru and attentively listens to a prospect’s current concerns to create a custom product offering guaranteed to check every want and need off the list. Reducing risk and increasing revenue is the name of Jason’s game and he loves providing solutions that substantially affect a company’s bottom line. Looking for an insight as to how your company can operate in a more streamlined manner? Reach out to Jason either at one his regularly attended conferences or give him a ring to discuss how Payment Savvy can elevate your business’ potential.


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