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Never Go Over Credit Card Processing Limit By Using These Tips

Business is all about taking risks. But that doesnu2019t mean you need to take risks in every aspect of the business. Especially when it comes to the banks and card networks, you need to play with their rules. Otherwise, it can cause great loss to you and your business. Merchant Stronghold offers assistance to the merchant with high-risk business and credit card processing. Feel free to contact us using our toll-free number 1 (888) 622 u2013 6875.

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Never Go Over Credit Card Processing Limit By Using These Tips

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  1. C R E D I T C A R D P R O C E S S I N G MERCHANT STRONGHOLD High-Risk Merchant Account Services Provider In USA, UK & Canada

  2. WHAT IS CREDIT CARD PROCESSING LIMIT? WHEN A MERCHANT APPLIES FOR THE CREDIT CARD TRANSACTION FOR HIS BUSINESS, HE IS GIVEN WITH A MONTHLY TRANSACTION LIMIT. THIS LIMIT IS DECIDED BY THE CARD NETWORK AFTER EVALUATING THE MERCHANT BUSINESS TYPE. A MERCHANT CAN ASK TO INCREASE THIS LIMIT AS PER HIS REQUIREMENT. THE CREDIT CARD PROCESSING LIMIT IS APPLIED TO THE AMOUNT EXCHANGED BY THE MERCHANT IN THE SPAN OF A MONTH. IF THE MERCHANTS GO OVER CREDIT CARD PROCESSING LIMIT, THEY WILL BE CHARGED WITH A PENALTY.

  3. WHY CREDIT CARD PROCESSING LIMIT IS IMPORTANT? THE CARD NETWORKS PUT UP THE CREDIT CARD PROCESSING LIMIT FOR THE MERCHANT, To minimize the chances of various frauds such as money laundering To keep the chargeback under a limit. (Less Transaction, Less Disputes) The limit is generally set after keeping the business type of the merchant in mind. If the merchant is exceeding that limit then card networks are obligated to take it as a fraud. HENCE, IN ORDER TO AVOID ANY UNNECESSARY INVESTIGATION, A MERCHANT NEEDS TO KEEP THE TRANSACTION WITHIN THE PROCESSING LIMIT.

  4. When a merchant does not stay within credit card processing limit and continues to exceed the limit, DEFINE “GO OVER CREDIT CARD PROCESSI NG LIMIT” month after month, he/she will be penalized by a fine. THE CREDIT CARD NETWORK SETS THE LIMIT DEPENDING UPON THE RISK IN YOUR BUSINESS. THE MERCHANT WITH HIGHER RISKS GENERALLY HAS A GREATER CREDIT CARD PROCESSING LIMIT. If a merchant is frequently going over the Credit Card Processing Limit then he/she can be defined as a high-risk business merchant.

  5. CONTACT US US HeadOffice 10300 49th Street N Suite 427  Clearwater, Florida 33762  United-Kingdom  UK HeadOffice 160 City Road Kemp House London EC1V 2NX    +1 (888) 622 - 6875  +1 (844) 465 - 4723   info@merchantstronghold.com  www.merchantstronghold.com

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