0.95% MDR Terms and conditions

Terms and Conditions for 0.95% MDR offer.

  • To receive the 0.95% MDR offer: 1) Open a new Powercash21 Visa and Mastercard Merchant account. Businesses are required to complete an application and agree to terms and conditions at the time of enrolment. All businesses are subject to approval. 2) Activate your merchant account and process payments within 4 weeks of approval. Failure to do so will disqualify the account from the offer and lead to pricing adjustments on the contract. 

  • The 0.95% MDR offer requires the opening of a new Powercash21 Visa and Mastercard Merchant account by May 31, 2020. Existing merchants and other businesses belonging to existing merchants are excluded. 

  • 0.95% MDR is valid for intra-regional European credit and debit card transactions on consumer cards only. Offer not applicable to corporate and commercial card transactions.

  • 0.95% MDR is subject to approval of a merchant account and only applicable to low risk merchant category codes. After the first year the account may be re-evaluated and pricing may or may not change. 

  • Customers must establish a new Powercash21 Visa and Mastercard Merchant Account with an initial term of at least one year.  

  • Only one offer per business account. Offer is not transferable. The offer cannot be combined with any other merchant account related offer. 

  • Merchant Services are provided by Powercash21 Ltd and are subject to approval and the terms and conditions of the Visa and Mastercard Merchant Agreement.

  • Offer may be extended, modified or discontinued by Powercash21 Ltd at any time without notice.

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