Anyone knows what’s a high volume merchant account is?
Posted on September 3rd, 2009 by admin
It is considered a high risk account? If so, why? Your ideas will be truly helpful for my essay. Peace out!
Hi sean!
A high volume merchant account is an account that allows you to have unlimited volume processing in a month. This applies to volume transactions not lower than $10,000. It is considered high risk mainly because of the fast and above than normal amounts coming in. Money-laundering issues come in. But, always, give the benefit of the doubt.
September 4th, 2009 at 4:07 am
Sean
Yes!
Go to http://www.babbomall.com and watch the ‘Business Video’.
References :
http://WWW.BABBOMALL.COM
September 4th, 2009 at 4:49 am
Hi sean!
A high volume merchant account is an account that allows you to have unlimited volume processing in a month. This applies to volume transactions not lower than $10,000. It is considered high risk mainly because of the fast and above than normal amounts coming in. Money-laundering issues come in. But, always, give the benefit of the doubt.
References :
http://www.offshoremerchantexperts.com/high_volume_merchant_account_avoiding_your_business_to_blow_off_into_nonsense_proportions_.html