My startup sells products that run about $2,000 each. So far, all sales have been by credit card.
We just sent out a quote to a potential customer for over $40,000. He seems legit and the sale is the type of thing that we had in mind when creating the company, but I want to be cautious.
Any advice on how to safely make such transactions? $40K is way over my credit card merchant limit. Should I accept bank checks, require an electronic transfer, talk to my CC processor about an exception?