Merchant account volumes

[BrettSilverman]

Hi all. Anyone know what the limits for monthly or annual volumes are, when opening a merchant account for a small US business? I have an eCommerce general merchandise website I need to open a merchant account for and I don't want to raise any flags with the underwriting. I want to point out this is NOT a high risk business.

 

[Sols]

Limits — if any — are set based on the risk profile of the merchant, which is a function of company structure, business model, and products/services sold. So it's hard to say.

 

[BrettSilverman]

Limits — if any — are set based on the risk profile of the merchant, which is a function of company structure, business model, and products/services sold. So it's hard to say.

What are they using to create a risk profile? Any particular software? Or basing just off of credit score?

 

[Sols]

It's usually a combination of various external tools, internal tools, and an assessment done by humans.

 

[joejohnM]

for monthly should not exceed 10K for it to be considered small business by underwriting team , more than monthly volume ticket size ( sale size ) matters more, if your average sale size is too small to too big will have different boarding criteria.

 

[BrettSilverman]

for monthly should not exceed 10K for it to be considered small business by underwriting team , more than monthly volume ticket size ( sale size ) matters more, if your average sale size is too small to too big will have different boarding criteria.

Thanks for your reply. I'm curious - how do you know this? From experience as a merchant or someone on the inside in this industry?

 

[joejohnM]

experience as a merchant.

 

[BrettSilverman]

It's usually a combination of various external tools, internal tools, and an assessment done by humans.

Can you give an example of such tools?

 

[Sols]

Can you give an example of such tools?

Web Shield | Know Your Business (KYB)

Web Shield's on-boarding and monitoring solutions help acquiring banks and payment service providers to identify hidden risks in their merchant portfolio.

www.webshield.com

 

[BrettSilverman]

Web Shield | Know Your Business (KYB)

Web Shield's on-boarding and monitoring solutions help acquiring banks and payment service providers to identify hidden risks in their merchant portfolio.

www.webshield.com

Thanks!

I doubt I could convince them to give me access even to their trial though, but thanks