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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 a great loss to you and your business.

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Never Go Over Credit Card Processing Limit By Using These Tips

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  1. Never Go Over Credit Card Processing Limit By Using These Tips Go Over Credit Card Processing Limit Business is all about taking risks. But that doesn’t 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.

  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.

  4. HOW TO AVOID CROSSING CREDIT CARD PROCESSING LIMIT? Now that you know going over credit card processing limit can hurt your business, you need to avoid crossing the limit. Take these points into account: Apply To Increase The Limit Create Monthly Sales Chart & Overestimate It Contact Credit Card Processors To Customize the Limit For You

  5. FAQ’S – GO OVER CREDIT CARD PROCESSING LIMIT How much can I go over my credit card limit? You cannot. The transactions will be declined immediately. What is going over credit limit in Chase? It changes from customer to customer. You can contact Chase for more information related to credit card limit. Does going over credit card limit hurt credit score? Yes, it hurts the credit score. How much can you go over your credit limit? Generally, the transaction is declined if the credit limit is exceeded. However, some service provider can exceed the limit if returned with interest. Can I still use a credit card if over limit? United-States US Head Office 10300 49th Street N Suite 427 Clearwater, Florida 33762 United-Kingdom UK Head Office 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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