thank you.
payment gateway for sweepstakes business?
- Thread starter westwinds222
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ChattersNetwork
Junior Member
- Aug 10, 2020
- 111
- 39
Not refunds. Chargebacks.
MID accepting transactions from sweepstakes can get 30% - 35% of chargebacks, if you have no idea what are you doing.
I saw 12% max and they were able to keep the MID for 3/4 months max. If you have this specific busiiness model (swpstakes), you will need to target below 6% chb rate in volume, and always 30 chbs per MID.
Refund rate is also important, you need to keep it below 20% It makes sense, because a high refund rate means you sell a fake product, a bad product or a scam. Visa/Mastercard cannot tolerate it so they also monitor this rate.
Refund rate is also important, you need to keep it below 20% It makes sense, because a high refund rate means you sell a fake product, a bad product or a scam. Visa/Mastercard cannot tolerate it so they also monitor this rate.
hey, do u know some good MIDs that u can suggest? running my own network for sweepstakes and decided to open an in-house product for it in US and FR. Already got a few MIDs, but being honest it's not that easy to find a payment provider who can take that "middle and high risk" type of business. Thank u in advance
ChattersNetwork
Junior Member
- Aug 10, 2020
- 111
- 39
Hi,
Try to contact Netbilling. They working with high risk and I guess they will be able to find solution for you.
99% of all Sweepstake providers i have checked are masking the sweepstake landing page from the payment provider. The sweepstake card form is usually connected to a budget tool, streaming service or something similar, which the user is redirected to after payment. So in the payment providers eyes, the user is just buying the subscription on another website than the sweepstake landing page.
would you be able to send me an example?
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