Questions › Category: CBD Merchant Account › Why do you need a processing history with CBD merchant account application
1 Answers
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.