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 we can approve a higher limit if you satisfy our risk assessment.
Prerequisites for a Limit Increase
Some prerequisites are: - You must operate a Paymate eBusiness Account;
- You must demonstrate a track record of receiving online payments for at least 3 months;
- Your account must be in good standing with no buyer complaints, charge-backs or a large number of refunds.
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 history of online payments 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. You may also need to execute additional merchant agreements. Limit Review ApplicationWe charge a fee to process your application for a limit increase, since we incur costs in external services and review of your account. This fee is NON-REFUNDABLE and is not a guarantee that your application will be approved. Please consider the information you may be asked to provide to support your application, as described above, before you make this payment for a limit review. Current fees are: - AUD 30.00 + GST for Australian clients
- NZD 30.00 for NZ clients
- USD 30.00 for US clients
To make a payment, please click on the Pay Now button below and use the email and address registered with Paymate so we can identify your account. You will need to use a credit card to make the payment.
Pay AUD33.00
Pay NZD30.00
Pay USD30.00
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