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They will be subject to 2% chargeback rules just as everybody else is in the EU. However, why let an aggregator's chargeback thresholds dictate how you do business? Get your own merchant accounts and do your own reporting.
Here are the details-
IncrediCash Adult Merchant Account Solutions
Adult Credit Card Merchant Account for use with Visa and MasterCard payments including standard product sales, memberships, recurring memberships and billing, and trials and upgrades. The account is held in the merchant?s business name with direct settlement of funds. The financial institution is a sponsored Visa and MasterCard acquiring processor in the European Union. All accounts are in US Dollars. The funds settlement window is a three-week period. All merchants must have a European Corporation, which we can assist with.
Application Details-
- Application due diligence paperwork must be completed prior to receiving an account. Once received background and due diligence activities will determine the credit worthiness of the client.
Merchant Account Details-
- Account Setup Fee $1,500.00 (due only on acceptence)
- Merchant Discount Rate 5.5% to 15% (determined by risk)
- Reserve Rate 10% 6 month rolling
- Transaction Fee $0.50
- Fraud Scrubbing Fee $0.45
- Retrieval Requests $35.00
- Chargebacks $50.00
- Chargeback Ratio Levels 2.0%
Account Requirements-
- Card Types Accepted: Visa and MasterCard
- Account Currency: US Dollars
- European Corporation Required prior to Account Setup
- Account usage must meet contractual obligations or it will be shut down.
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