Transaction Limits on Chapa
Posted on : 09 Mar, 2022 | Last Update - 3 months ago
Here are the limits (in ETB) that apply to the different account types on Chapa, for verified and unverified accounts:
Individual accounts
-
50,000 per transaction and 200,000 daily cumulative before approval.
-
500,000 per transaction and 500,000 daily cumulative upon approval.
Registered businesses
-
200,000 per transaction and 1 million daily cumulative before approval.
-
500,000 per transaction and unlimited daily cumulative upon approval.
NGOs/Charities
-
50,000 per transaction and 200,000 daily cumulative upon approval.
-
500,000 per transaction and 1 million daily cumulative upon approval.
Increasing transaction limit
Merchants can send an email to hi@chapa.co 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).