What is the Overlimit fee?

When you apply for your merchant account, you indicate how much monthly volume you expect to process.  As such, your account is approved for that amount and if you go over you may be subject to an overlimit fee.  You may be able to avoid the overlimit fee in any given month if you believe your sales will be over the top by calling customer service and letting them know in advance.  If your sales will continue to be over the limit for the following months, you can simply ask them to bump you up to the next level, which may require some paperwork.
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