High Volume Merchant Account: Services for High Volume Credit Card Processing

All businesses want to maximize transactions and sales. High-volume sales benefit businesses as long as customers pay in cash for most transactions. When customers pay primarily with credit cards, however, a high sales volume becomes a blessing and a curse for merchants.

If you run a business with more than $100,000 in monthly sales, banks consider you a high-volume merchant, which makes payment processing services challenging to access. Not having access to payment and transaction processing services impacts your ability to serve your customers and grow.

Some banks will provide a merchant account, for example, but set limits on monthly sales transactions. The bank may freeze, flag, or terminate your merchant account if you process more than that limit in payments. Other banks and payment processors will flag your business as too risky to work with and won't allow you to open a payments account.

Fortunately, SeamlessChex is here for you. We understand the challenges high-ticket and high-volume merchants face, and we’re committed to providing high volume payment processing solutions that work for you. Our high volume merchant services help with everything from chargebacks and national credit processing. We also have transparent and fair pricing for our high risk merchant account services.

We Serve Companies in These High-Volume Industries:

• Auto Accessories
  
• Credit Repair
  
• Collectibles
  
• Designer Fashion
  
• Electronics
  
• Furniture
  
• Jewelry
  
• Luxury Goods & Services
  
• Precious Metals
  
• Tech Support
  
• Tickets for concerts, flights, and excursions
  

We also serve other industries that may be unlisted. Contact a SeamlessChex account representative to learn if a high-ticket or high-volume merchant account is right for your business!

What is a High Volume Merchant Account?

A high-volume merchant account is designed for merchants that regularly process large volumes of credit card transactions. These high volume accounts are usually provided and supported by payment processing companies and banks. High volume merchant accounts are designed to meet the needs of businesses that need high processing capacity to serve their customers.
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That said, it's essential to understand that each payment processor sets their criteria for what constitutes a high volume merchant account, so we recommend contacting individual account providers to find out if they offer a solution that meets your merchant's needs.
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Because high-volume merchant accounts are specialized to your company needs, they usually offer higher processing limits and specialized features, like fraud protection and chargeback management tools, to help companies decrease the risks associated with processing lots of transactions from credit cards.
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Are you wondering what kind of businesses need a high-volume merchant account? Usually, they’re companies in high-risk industries, including e-commerce websites, online marketplaces, subscription services, and large retail operations.

What Are High-Risk Merchant Services?

High-risk merchant services are payment processing solutions for merchants in so-called “high-risk” industries. Today, high-risk companies are those that are more likely to experience fraud, chargebacks, and other payment processing issues when working with credit cards.

Examples of high-risk business industries include:

• Online gambling and casinos
  
• Adult entertainment
  
• Travel and tourism
  
• Nutraceuticals and dietary supplements
  
• Online auctions
  
• Firearms and weapons
  
• Debt collection
  
• Cryptocurrency and digital currency exchanges
  
• CBD and hemp products
  

Regardless of the quality of the merchant in question, companies in high-risk industries usually have a harder time securing traditional merchants account services from payment processors, financial institutions, and banks.

Fortunately, some companies offer high-risk merchant services accounts specially designed for these merchants. 

These high-risk merchant services providers offer customized payment processing solutions designed especially to suit the needs of businesses in high-risk industries. For example, high-risk merchant services accounts may offer features like fraud protection, chargeback management, and higher processing limits to accommodate higher sales transaction volumes.

While high-risk merchant services fill a critical gap in the payment processing landscape, high volume credit card processing services usually charge higher processing fees and enforce more stringent underwriting requirements than traditional merchant accounts offered at most banks or financial institutions.

Who Are Considered High-Risk Business Accounts?

Today, several company industries are considered “high risk” by payment processors and banks. These merchant industries are considered high-risk because they tend to experience chargebacks, fraud, and other payment processing issues at a higher rate than businesses in other industries.
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Examples of high volume merchants and high-risk industries include:

• Online gambling and casinos
  
• Adult entertainment
  
• Travel and tourism
  
• Nutraceuticals and dietary supplements
  
• Online auctions
  
• Firearms and weapons
  
• Debt collection
  
• Cryptocurrency and digital currency exchanges
  
• CBD and hemp products
  
• E-cigarette and tobacco products
  
• Multi-level marketing
  
• Telemarketing and outbound sales
  
• Tech support services
  
• Timeshare and vacation rentals
  
• Credit repair and debt consolidation
  

While this is a preliminary list of merchant types, it’s far from comprehensive, and individual payment processors, financial institutions, and banks may have different criteria for identifying high-risk industries and merchants.  

You may require specialized payment processing services if you run a business in one of these industries. With that in mind, we recommend working with a payment processor that specializes in high-risk merchant services and understands the unique needs and requirements of your business. High volume merchant services can often customize your account to your specific needs and include additional services for handling transaction fees, chargebacks, payment credit, and more.

Why are High-Volume Merchants Considered High-Risk Transactions?

With increased sales and higher-volume payment processing, there’s a potential for more people to use compromised credit card data to buy products. Additionally, high-volume and high-ticket merchant accounts may also experience significantly more chargebacks on a standard credit card payment.

Chargebacks occur when customers dispute the purchase with their credit card company to get their money back. This can threaten high-volume merchant accounts and devastate businesses. Banks may suspend or terminate your merchant account if your chargeback ratio exceeds the average rate of one percent. Excessive chargebacks also eat into your business profits, increasing the risk of merchant bankruptcy. High volume merchant account services can provide systems for managing chargebacks to help ensure that your company doesn't exceed the limits.

What Qualifies As High-Volume Processing?

High-volume processing refers to the business practice of processing a large number of sales transactions regularly.
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Here are a few factors that can impact whether your business is considered a high-volume merchant processor or not:

• The type of merchant
  
• The payment methods accepted for your products or services
  
• The average transaction size
  
• The frequency of high volume business transactions
  

While many people wonder if there’s a threshold to be considered a “high-volume business,” there’s no one-size-fits-all rule for what qualifies as high-volume processing. In fact, the number can vary depending on which payment processor or bank you’re working with and what industry your business works in. 

If your business processes a high volume of transactions, you need to work with a payment processor with the expertise to provide the necessary support and services to manage your payment processing operations effectively. With this in mind, we recommend looking for specialized payment processors that offer high processing limits, fast processing speeds, and dedicated customer support for high-volume merchant processors like you. Having a provider that is specialized in high risk accounts can provide you with customized services for your company’s specific payment needs.

What Is A Good Rate For Merchant High Volume Credit Card Processing Services?

There’s no one-size-fits-all for merchant services. In fact, the going rate for merchant services accounts varies depending on various factors, including the type of business you run, your transaction processing volume, the payment processing method you use, and the financial institution, bank, or payment processing company you work with.That said, there are two standard categories of fees in the merchant services industry: interchange fees and processing fees. 

Here’s a quick overview of each high volume merchant account service fee:

• Interchange fees. These are account fees that credit card issuers charge to payment processors to cover the cost of transaction processing. Today, interchange fees may be higher or lower depending on the type of credit card used in a transaction, the kind of transaction in question (e.g., swiped vs. keyed-in), and other processing factors.
  
• Processing fees. Processing fees are fees that payment processors charge merchants for processing business transactions. Depending on the payment processor, a processing fee can be a flat, per-transaction fee, a percentage of the transaction amount, or a combination of both. Currently, the average processing fee for a high volume merchant account is about 2.5% to 3% of the payment amount.
  

If you’re still unsure what a reasonable rate for merchant services is for your business, it’s essential to consider your unique company needs and payment integrations.

We also recommend comparing rates and fees from multiple payment processors and banks and comparing features such as fraud protection and chargeback management to determine which would provide the most value to your business. You can also look at service provider ratings to help determine if their payment services are a good fit for your merchant needs.

Last but not least, look for high volume merchant account providers that offer transparent pricing and no hidden fees. 

How SeamlessChex Supports High-Volume Merchants

SeamlessChex has more than 15 years of experience providing payment processing services for merchants businesses in high risk and diverse industries.

We have unique relationships with more than 25 banks, allowing us to get your high-volume merchant account approved with the transaction limits you need AND room to grow.

High-volume merchants can use our payment platforms to process credit card, automated clearing house (ACH), and digital check payments without limits on their monthly sales volume. With our risk merchant account, you can easily manage all your payments and processing needs.

Whether you're a fast-growing company or an established enterprise, SeamlessChex can help your business reduce risk and accept high-volume payments easily and securely. We use cutting-edge fraud mitigation and chargeback reduction technologies to safeguard high-volume and high-ticket merchant accounts and decrease the risk of account termination.

In addition to preserving high-volume merchant accounts, our chargeback mitigation solutions protect businesses from friendly fraud, improving cash flow and profitability. You can learn more about our methods for handling chargebacks, volume products, transaction fees, pricing, card payments, and more by talking with one of our account reps.

How our High Volume Payment Processing Services can Help You:

• Reduce payment fraud
  
• Lower chargeback ratios
  
• Protect merchant accounts
  
• Process secure transactions
  
• Improve business profitability
  

Partner with SeamlessChex to Process Your High-Volume Payments

Was your high-ticket or high-volume merchant account suspended or terminated by the processor or acquiring bank? Are payment limitations on your monthly sales hindering your company's growth?

If you want to process a large number of merchant transactions while protecting your business from fraud, SeamlessChex can help. You can easily set up a merchant account for your high risk payments and get started with processing transactions. Contact us to learn more about our Seamless Merchant services, or sign up now to start accepting high-volume payments today.