Is there a possibility to conduct microtransactions? Are there minimal transaction limits in place?
- There are no minimal limit in place from Nordea Connect’s side, but:
- Certain acquirers may impose them. (For instance: AfterPay has a minimal amount for consumer financing in place.)
- Acquirers may deem an unusually large number many minor transactions as suspicious and suspend your account.
- You will be effectively losing money on each transaction by handling payments that are lower in amount than the individual transfer fee. (Actually you will already be in the red before this point as fixed cost elements also need to be covered.)