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12-01-2021, 12:02 AM #1
- Join Date
- Jul 2016
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- 2
Large transaction
I have merchant that’s trying to run transaction for $300,000 but my processor doesn’t accept transactions over $99,999 since the platform can’t handle that many characters. The merchant can’t split the payment since it is an one time use card. (Virtual Card). Any help or suggestions would be appreciated.
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12-01-2021, 12:53 AM #2
- Join Date
- Mar 2014
- Location
- Florida
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- 2,950
Last edited by Yankeeman07; 07-07-2022 at 08:34 AM.
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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12-02-2021, 11:01 AM #3
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- Jun 2017
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- 2,049
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12-02-2021, 05:30 PM #4
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- Mar 2014
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- Florida
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12
Last edited by Yankeeman07; 07-07-2022 at 08:31 AM.
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12-03-2021, 07:24 AM #5
- Join Date
- Nov 2021
- Posts
- 5
To my knowledge, no acquiring bank will bear the risk of running 300,000 USD in a single transaction. Highest transaction value can be couple thousands at best. 300K is impossible if you consider AML policy.
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12-09-2021, 09:35 AM #6
- Join Date
- Aug 2014
- Posts
- 194
Plenty of merchants are approved for $100k + trans, just depends on the biz type and their financials. Nightclubs in Vegas run 100k trans every week, high end motor dealerships, RV dealerships also run 100k trans.
Not sure what you mean by highest can be a couple of thousand?
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12-09-2021, 12:15 PM #7
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- Mar 2014
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- Florida
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12
Last edited by Yankeeman07; 07-07-2022 at 08:32 AM.
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12-09-2021, 12:49 PM #8
- Join Date
- Aug 2014
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- 194
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12-09-2021, 01:39 PM #9
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,950
12
Last edited by Yankeeman07; 07-07-2022 at 08:33 AM.
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