Are there any monthly minimums or maximums for transactions processed through Chase Paymentech?
Yes, there are monthly minimums and maximums for transactions processed through Chase Paymentech. The minimum monthly requirement varies based on the specific payment processing plan chosen by the merchant. These minimums ensure that merchants meet a certain transaction volume each month. The maximums imposed by Chase Paymentech typically depend on factors such as the specific merchant account, industry type, and risk profile. These limits ensure proper risk management and safeguard against potential fraud or loss. It is important for merchants to review the specifics of their chosen payment plan to understand the applicable minimums and maximums for their transactions.
Answered Nov 2, 2023
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