|
|
|
Low and Medium Risk
|
|
Set up |
Monthly |
GBP |
EUR |
USD |
AMEX
|
Trans Fee |
|
UK Merchants
|
Waived |
Waived |
1.75% |
1.75% |
2.4% |
4.25% |
0.20 |
|
European Merchants
|
Waived |
Waived |
1.75% |
1.75% |
2.4% |
4.25% |
0.20 |
|
Canada & US Merchants
|
49 |
19 |
2.4% |
2.4% |
2.4% |
4.25% |
0.20 |
|
Rest of the World
|
49 |
19 |
2.4% |
2.4% |
2.4% |
4.25% |
0.20 |
High Risk
|
|
Set up |
Monthly |
GBP |
EUR |
USD |
AMEX
|
Trans Fee |
|
UK Merchants
|
49 |
19 |
2.4% |
2.4% |
3% |
4.25% |
0.20 |
|
European Merchants
|
49 |
19 |
2.4% |
2.4% |
3% |
4.25% |
0.20 |
|
Canada & US Merchants
|
49 |
19 |
3% |
3% |
3% |
4.25% |
0.20 |
|
Rest of the World
|
49 |
19 |
3% |
3% |
3% |
4.25% |
0.20 |
All Partner Rebates payable this Section shall be paid on the 1st Monthly (for transactions between 16th days of the previous month and the last day of the previous month) and 16th Monthly (for transactions between 1st of the previous month and the 15th of the previous month). Payments will be remitted within 5 working days of these dates on trade through the Prospective Account in the relevant period via direct deposit to Partner's bank designated depository account.
However; any Merchant referred that has chargeback levels that exceed 1% on Mastercard or 2% on Visa in any calendar month will be considered a “Higher Risk Merchant” and the “buy rate” on that merchant will be increased retrospectively by 0.50% for that month and this increased “buy rate” will apply to that Merchant going forward; whether they breach in subsequent months or not. Similarly; the same increased “buy rate” will apply immediately upon approval on any Merchant listed on the Terminated Merchant File (M.A.T.C.H./T.M.F).
The chargeback percentage can be calculated in any of the following ways:
a) the total number of Chargebacks that occur in that month divided by the total number of Sales (after voids and refunds) that occur in that month
b) the total dollar volume of the Chargebacks that occur in that month divided by the total dollar volume for all Sales (after voids and refunds) that occur in that month.
c) the total number of Chargebacks that occur in that month divided by the total number of Sales (after voids and refunds) that occurred in the previous month
d) the total dollar volume of the Chargebacks that occur in that month divided by the total dollar volume for all Sales (after voids and refunds) that occurred in the previous month.
This Policy operates in addition to the various rules and thresholds that are operated by the various card schemes. Further details can be found at the following webpage: http://www.perpetualpayments.com/card_scheme.htm
It would assist us if you would kindly provide the "Standard Pricing" that you would like to apply to your referred merchants.
Visa, Mastercard, American Express, and Discover
Apply for a Merchant Account here.
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