Posted on : 09 Mar, 2022 | Last Update - 8 months ago
Here are the limits (in ETB) that apply to the different account types on Chapa, for verified and unverified accounts:
50,000 per transaction and 200,000 daily cumulative before approval.
500,000 per transaction and 500,000 daily cumulative upon approval.
200,000 per transaction and 1 million daily cumulative before approval.
500,000 per transaction and unlimited daily cumulative upon approval.
50,000 per transaction and 200,000 daily cumulative upon approval.
500,000 per transaction and 1 million daily cumulative upon approval.
Merchants can send an email to email@example.com requesting an increase of transaction limit, and should contain the following information;
The new expected limit
Provision of evidence of transaction within the last 12 months (e.g. bank statement)
Average monthly transaction volume. Attach Sample Evidence.
Merchant website(s) (if not previously provided).
Measures merchant will take to prevent fraud and chargebacks on your website?
The Percentage of payments processed in the past year has been disputed (if any).
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