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30 day rolling volume limit for card charges
By default, Payment members are allowed to transact up to 500,000 USD (or currency equivalents) in card charges within a rolling 30 day period.
Why there is a volume limit
Our industry is deemed to be high risk by credit card schemes due to:
- the high value (dollar amount) of individual transactions
- charges are for services to be rendered in the future
- high volume of holds that are not captured
- card fraud and chargebacks
By establishing a rolling 30 day volume limit, Paynode is seeking to reduce the shared risk with members who have above average transaction activity.
How to request a volume increase
Paynode members who exceed 500,000 USD in credit card volume over any 30 day period must provide a minimum of 5,000 USD as a Paynode Member Reserve. The minimum reserve balance of 5,000 USD would allow the member to transact in monthly volumes up to 600,000 USD. There would be an additional requirement of 5K for every additional 100,000 USD in monthly card volume.
Click here for more information on how to set up a Paynode Member Reserve.
Once a member has reached a reserve of 20,000 USD or more, they also qualify for an increase in the limit on individual card transactions.
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