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  1. #1

    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.

  2. #2
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    Quote Originally Posted by Prime99 View Post
    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.
    12
    Last edited by Yankeeman07; 07-07-2022 at 08:34 AM.
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    Quote Originally Posted by Prime99 View Post
    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.
    The point of a Virtual Card is they can be Created at will, on most platforms.
    I don't see why it would be one time use, but lets say that it is.... that would almost certainly mean another virtual card could be created, and so on, until 3 x 99,999 can be run.

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    12
    Last edited by Yankeeman07; 07-07-2022 at 08:31 AM.

  5. #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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    Quote Originally Posted by purepaypayments View Post
    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.
    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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    Last edited by Yankeeman07; 07-07-2022 at 08:32 AM.

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    Quote Originally Posted by Yankeeman07 View Post
    Read the original post ( Virtual Card) He wants a solution for a single $300,000 Transaction

    Please tell what risk department from what Sponsoring Bank will run that transaction?

    I'm always will to learn.
    I wasn't responding to the original post, I was responding the post that I quoted. In regards to the original post, yes no one would ever touch a virtual card for that amount.

    In regard to my original response, is there something you don't understand about that?

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    Last edited by Yankeeman07; 07-07-2022 at 08:33 AM.

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