- 10% ==> Rolling Reserve
- 6% ==> MDR ( Merchant Discount Rate )
- $1 ==> Transaction Fee
- $40 ==> Chargeback Fee
- $15 ==> Refund Fee
- $50 ==> Wire Fee
- $15 ==> Fraudulent Transaction Fee
- Weekly ==> Payment Period
Faster settlement times for volumes greater than 1 million per month.
Restricted Countries :
Afghanistan,Algeria, American Samoa, Azerbaijan, Bangladesh, Barbados, Balkans, Bhutan, Belarus, Burma, Cuba, Cyprus, Czech Republic, Cote d’Ivoire, Democratic Republic of Congo, Ecuador, Guatemala, Hong Kong, Iceland, Indonesia, Iran, Iraq, Israel, Jordan, Kuwait, Kyrgyzstan, Libya, Liberia, Lithuania, North Korea, Norway, Mali, Oman, Pakistan, Philippines, Russia, Saudi Arabia, Singapore, Somalia, Sudan, Sweden, Syria, Taiwan, Turkey, Tuvalu, Uzbekistan, Ukraine, Yemen, Zimbabwe
● No minimum transaction limit
● 5k maximum transaction limit
This is a 3Ds high risk MID therefore the transaction has to be clean and the card holder needs to be the one checking out. The tech is too good to try and check out for your clients.
If the customer’s card issuer declines the transaction, please get them to contact their bank and confirm the transaction.
When we receive a chargeback, we flag the transaction and email a request for evidence to prove the legitimacy of the transaction.
Requested Documents include:
Photo of front and back of card used.
ID of cardholder
Proof of Address
Proof of Delivery