Merchant Account High Ticket Explained:
What is a High Ticket? A high ticket is the highest dollar amount that a merchant expects to charge in a single transaction. This figure can be based on the merchant’s transaction history or a prediction of what the merchant expects. In the credit card processing industry, a merchant’s “High Ticket” is a question found in most merchant account applications.
It is important to estimate the high ticket correctly because the processor will set this number as a limit to the merchant’s highest allowable charge in one sale. If a merchant attempts to charge a sale that exceeds the high-ticket limit, the transaction may be held for investigation or denied altogether. It is often wise to estimate the high ticket slightly above what is expected. Merchants that predict having high tickets above $5,000 may be required to supply additional documentation showing financial stability and a history of high dollar transactions.
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