Large transaction
Need a Funder or Vendor? START HERE

Results 1 to 9 of 9

Hybrid View

  1. #1
    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.

  2. #2
    Senior Member Reputation points: 23750
    Join Date
    Aug 2014
    Posts
    194

    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?

  3. #3
    Senior Member Reputation points: 81657
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,901

    12
    Last edited by Yankeeman07; 07-07-2022 at 08:32 AM.

  4. #4
    Senior Member Reputation points: 23750
    Join Date
    Aug 2014
    Posts
    194

    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?

  5. #5
    Senior Member Reputation points: 81657
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,901

    12
    Last edited by Yankeeman07; 07-07-2022 at 08:33 AM.

Similar Threads

  1. Has anyone here closed an MCA transaction for $1,000,000 or more?
    By Michael Slabitcher in forum Merchant Cash Advance
    Replies: 34
    Last Post: 11-07-2019, 05:21 PM
  2. small transaction - newer business's
    By 1Loanguy in forum Merchant Cash Advance
    Replies: 7
    Last Post: 09-19-2019, 03:26 PM
  3. 2 Transaction - Multi Unit Purchase in CA
    By 1Loanguy in forum All Other Lending
    Replies: 4
    Last Post: 03-23-2018, 06:03 AM
  4. Funding for low transaction businesses
    By LoanGuy in forum Business Loans
    Replies: 1
    Last Post: 03-25-2015, 04:30 PM
  5. Replies: 5
    Last Post: 06-06-2014, 09:35 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Charlotte launches biz loan marketplace
Fora hits origination milestone
Maxim promotes F. Rodriguez


DIRECTORY