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2477 · 07-25-2003, 01:03 PM

True...Transaction history is key to the amount of volume you'd be approved for. $10k is basically automatic, unless the principal has poor credit. If the merchant can show processing history, and is inline w/ chargebacks, there's not too many reasons why they wouldn't get approved for an appropriate volume.

You need to understand that getting a merchant account is pretty much the equivalent to being approved for an unsecured line of credit. So we're not going to approve an account for $500k, if the merchant can only show $10k on the statements.

07-25-2003, 01:03 PM
2477 Confirmed User Join Date: Oct 2002 Location: Right behind you Posts: 414	True...Transaction history is key to the amount of volume you'd be approved for. $10k is basically automatic, unless the principal has poor credit. If the merchant can show processing history, and is inline w/ chargebacks, there's not too many reasons why they wouldn't get approved for an appropriate volume. You need to understand that getting a merchant account is pretty much the equivalent to being approved for an unsecured line of credit. So we're not going to approve an account for $500k, if the merchant can only show $10k on the statements. __________________ Coooostanza.....icq# 195813751