Processing Limits
With your ProPay Account you may process up to a certain monthly limit and
a certain per transaction limit.
- What are processing limits?
- Why are there processing limits?
- Why is a reserve deposit required for higher processing limits?
1. What are processing limits? There are limits on the amount of money you can process using your ProPay
Account. These limits serve as risk management because they protect all ProPay
Accounts against irresponsible use and control potential losses.
The single transaction limit is the maximum amount of money that can be processed
for any one transaction. The monthly processing limit is the maximum total
amount of money that can be processed in a calendar month.
Monthly ProPay Account processing limits are dependent on your account type
and processing history. There are no specified limits on the amount you can
process per day or per credit card.
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2. Why are there processing limits?
The credit card associations have suggested processing limits as a method
of protecting cardholders against fraud. By limiting processing amounts while
a processing history is established, ProPay is better able to prevent fraud
and stay within industry-standard risk-management policies.
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3. Why is a reserve deposit required for higher processing
limits? The reserve deposit is held as protection against any possible chargebacks
that may occur.
The funds in reserve will be released 6-7 months after you either lower your
processing limits or close your ProPay Account.
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