Thanks for the recommendation. Do you know how the chargeback risks are?
All "
chargeback" occurrences in LeuPay website:
3. Funding of account and Receipt of money:
Client may purchase or receive e-money in the following ways, as allowed by the Service.
3.8 Client agrees that Client cannot make a successful Chargeback after a funding transaction, on the ground "goods not delivered or similar", as the purchased e-money (purchased goods) is issued (delivered) by iPay upon receipt of funds.
8. Refusal, reversal of unauthorized transaction and reversal of incorrect payment orders:
8.5 Client agrees that iPay may not be always able to reverse the amount of unauthorized transaction or incorrect payment order, in cases, where the deadlines for chargeback or reversal procedures before the Card Organizations have expired or in other cases according to the rules of the respective Card Organization, in which cases iPay shall not owe Reversal or compensation to Client.
8.6 When Client receives a payment, Client is liable to iPay for the full amount of the payment plus any Fees if the payment is later invalidated for any reason. In addition to any other liability, if there is a Reversal, or if Client loses a Chargeback or Claim, Client will owe to iPay an amount equal to the Reversal, Chargeback or Claim and applicable fee as per the Tariff and other charges related to the Reversal, Chargeback or Claim. iPay may debit Client's account to recover any amounts and fees, due by Client in connection to Reversal, or Chargeback or Claim or Reserve, immediately and without prior notice.
11. iPay Acceptance Policy and permissible transactions:
11.2. It is strictly forbidden to use the Service in violation of the Agreement, or for any illegal purposes including but not limited fraud, money laundering, tax evasion or other illegal activities. In particular, Client shall under no circumstances use the Service for activities or execution of transactions, which without limitation involve or may involve any of the following:
(c) Abuse by him of the reversal or chargeback process provided by Client's bank or credit card company; or
(d) Use of the Service in a manner that results in or may result in complaints, disputes, claims, reversals, chargebacks, fees, fines, penalties and other liability to iPay, Branch or Agent of iPay; or
14. Termination of Agreement
14.3. In case of any risk of Damages for iPay, resulting from reversals, chargebacks, claims, fees, fines, penalties, Client's non-compliance with AML/FT or other regulations and other similar liabilities arising from Client's use of the Service, iPay may hold the Client's funds for up to 180 Days even after Termination of Agreement or shorter or longer period, as required by the law, including laws in favor of the consumer. Client will remain liable for all obligations arising under this Agreement even after Termination of Agreement and/or closing of account.
Source:
https://leupay.eu/bgr/en/legal
