What is the Credit Card Limit?

Overview

The Credit Card Limit allows payers to approve credit card transactions up to a set dollar amount within a rolling three-business-day period. This limit helps prevent overpayments, reduces the need for cancellations or refunds, and provides more controlled payment activity.

• Transactions can be approved using a credit card up to your assigned limit within the three-business-day window.

• All accounts are subject to a minimum credit card limit of $5,000.

• Once the limit is reached, additional credit card approvals will not be available until the rolling period resets or the limit is increased.

How it Works

1. Log in: Sign in to your PayCargo account using your registered username and password.

2. Access funds: Navigate to Funds from the dashboard or main menu to view your current credit card limit.

3. Increase limit: Review your used and available funds, and select Increase Credit Card Limit if additional capacity is needed. Complete all required fields on the request form.

4. Submit your request: Send your request to PayCargo’s Support Team. A confirmation message will appear once submitted, and the team will follow up with next steps.

Controlled spending: Provides controlled spending and reduces overpayment risk

Transaction management: Supports smoother transaction management and minimizes cancellations or refunds

Transparent payments: Ensures transparency with rolling three-day tracking of approved credit card usage

Once the limit is reached, additional credit card approvals will not be available until the rolling period resets or the limit is adjusted

Related Questions

What determines the credit card limit?

The right to manage and set the credit card limit on payers' accounts is reserved for PayCargo Support Specialist team based on account history and financial standing.

Can I make split payments if my credit card limit cannot be increased?

If the invoice you need to pay is over your credit card limit, you can make split payments on PayCargo.