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Believe it or not, yes. You have to make them (through the arm they entrust with safeguarding them against risk, your Acquiring Bank) aware that you are expecti
by kerryfalk 15y ago
Believe it or not, yes. You have to make them (through the arm they entrust with safeguarding them against risk, your Acquiring Bank) aware that you are expecting a large increase in your transaction volume so that you do not get shut off.
From what I understand they have tiers for assessing risk level, if you're not approved for a higher tier and try to cross the threshold your account will be flagged and cut off automatically until they can investigate/approve.
- gm 15y agoThe difference is that when this happens you have someone to call and tell you what's going on. If you ask nicely, maybe you can even get a ballpark estimate for when something should happen next. You know, people acting professionally and such.
- nirvdrum 15y agoThey almost certainly will not unfreeze the funds if your bank account can't cover the amount. All credit cards allow the customer to chargeback. If you're no longer solvent, the merchant bank eats that loss. So, they do whatever they can to prevent that.