Increasing Limits for High Volume Merchants 

 

Paymate provides clients an ability to receive credit card payments online, with a limit of $5,000 per month with a Standard Account.

We also offer our eBusiness Account with a default monthly limit up to $10,000. This account has a monthly subscription fee which is debited to the bank account you registered in advance and is non-refundable.

Some sellers may need higher limits and are in a position to qualify for such, only with an eBusiness Account.

We recommend you start trading with the normal limits offered by Paymate to establish a track record. When you do require a limit increase you can apply via email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Additional information that we may ask you for to approve a limit increase

  • The nature of your business and products and services sold online.
  • Countries from which you expect to receive payments.
  • Average dollar value of payments you expect to receive.
  • Monthly dollar value of payments you expect to receive.
  • The maximum period between when you receive payment and when you ship your goods or deliver services.
  • Financial statements about your business.
  • Trade References.
  • Your track record with Paymate or other payments provider.

Paymate does not guarantee that all applicants will be granted increased limits, which may need to be approved by a financial institution.

Since conditions vary from country to country, we can provide more information on requirements when you apply for a limit increase.

 

Special Terms & Conditions

Both Paymate and our bank may impose special terms and conditions for receipt of payments with an increased limit.  These may include a Reserve Account where we hold a security deposit against potential chargebacks.

 

 
Banner