Merchant account processing more than your monthly limit?
I'im still new to the merchant game. I was wondering this lets say my monthly processing limit is $5000 a month what would happen if I was to process an extra $2000 for that month? Would they just hold that money and then transfer it to my bank account next month?
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Much will depend on the merchant account. Don't expect to run over the nominated monthly amount without a hold and/or review. Not dissimilar to
paypal. IF you intend doing that, then I suggest you contact your Customer Serivce rep to check their requirements.
There are posts on this forum of users whose funds have been held
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