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
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.
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 & ConditionsBoth 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.
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