What Is The Payout Cycle Of High Risk Merchant Accounts In Hong Kong?

QuestionsCategory: Payment ProcessingWhat Is The Payout Cycle Of High Risk Merchant Accounts In Hong Kong?
Maurya Shubham Staff asked 3 weeks ago
1 Answers
Bankim Chandra Staff answered 1 week ago

If the merchant is based in Hong Kong then the PSP may offer fast settlements that is with 1 week arrears. however if the transactions are cross border and the merchant is out side Hong Kong then the settlements may have upto 2 week hold.

  • Hong Kong Based High Risk Merchant account providers may also put in place carious other charges
  • Rolling Reserve – This is usually 10% and is help for 180 days
  • They may also charge additional for Charge-back alert and notification services. This is called pre alert fees.
  • Other fees may include return and per transaction fees.
  • MDR usually starts at 8-9%