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Just for your information you can't get a EU merchant account.
You can get a merchant account in one of the countries within EU and there is a big difference between the countries.
I have investigated this myself and have never heard of any transaction limits... only "offshore-heaven" and "tax-hideaway" businesses have this kind of transaction limits.
Try Interpay in the Netherlands, very adult friendly and a 1.5 %chargeback ratio. Only downside is that you need to incorp in Holland.
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