Why do you need a processing history with CBD merchant account application

Merchant Services Q&ACategory: CBD Merchant AccountWhy do you need a processing history with CBD merchant account application
Bankim Chandra Staff asked 8 months ago
1 Answers
Bankim Chandra Staff answered 8 months ago

A processing history helps the merchant acquirer to identify some critical numbers. These are listed below.

  • Monthly sales volume
  • Average ticket size
  • Minimum ticket size
  • Maximum ticket size
  • Number/Percentage of Returns
  • Number/Percentage of chargebacks

Based on the above numbers the processor can identify the expected sales volume and the risk profile of the merchant.
Hope this helps.