High Volume Merchant Account
A special high volume merchant account can save you thousands in fees every year and ultimately make your business more profitable – but getting one set up isn’t always straightforward. The problem can be compounded if you operate in a high risk industry or have irregular income from month to month. So how do you go about getting a high volume merchant account, what are the perks, and how can eMerchantBroker help you achieve your goals?
How to Get a High Volume Merchant Account
If you’re processing $250,000 in credit card payments on a monthly basis, you’re going to need to set yourself with a high volume merchant account. However, getting that support from a traditional merchant account provider is not always practical, especially if your business is relatively new. It can be difficult for a high-growth business to implement a high volume account in time to handle increasing transactions – a problem which is compounded by the slow application processing common with most banks.
If you’re going through a normal bank, that’s generally what you can expect the process to look like: a lot of written paperwork, long waits to hear back, and the chance that you’ll be declined for some arbitrary reason. In particular, getting a high volume account tends to require a better-than-usual credit record – so if you have any blemishes on your credit, you can expect to be denied by most traditional processors.
With eMerchantBroker, we aim to make it a lot faster and easier to get set up with a high volume account – even if your sales volume isn’t particularly high yet and you want to get set up for anticipated future growth.
How eMerchantBroker Can Help
With eMerchantBroker, you can actually set up multiple merchant accounts with a load balancing gateway. That means you can process high volumes of credit card purchases without ever ‘overloading’ your system – the volume will balance out between your accounts depending on the amount of transactions going through at any given moment. This simply means lower risks for you, avoiding the unwanted event of a high number of chargebacks occurring on a single account.
With options to help businesses processing volumes anywhere from $100,000 through to $1,000,000, we can help you smoothly process transactions for a young and rapidly growing business. As long as you can show us records of processing more than $100,000 per month on a regular basis, we can offer you lower pricing. We even provide high volume accounts for online businesses, and we specialize in dealing with the types of ‘high risk’ businesses that other merchant account providers won’t touch.
We recognize that every business is unique, so we don’t try to take a ‘cookie cutter’ approach to high volume merchants – rather, we’ll work with you to get a feel for your business and the risks associated with your transaction processing, so we can offer you the best solution at the best price.