A rolling reserve is what some banks use to cover their exposure to risk on accounts that are deemed to have higher than normal risk. This is a standard requirement from every offshore bank, and many domestic high risk processors. It works as such: for every deposit that is made to you from your sales,
A common practice in which a cash reserve is established by the processing bank (similar to an escrow account) to protect themselves against catastrophic losses. There are 3 main types of reserve practices; the type of reserve employed depends on the processing bank’s system: Rolling Reserve, Static or Capped Reserve, and Upfront Reserve.
Written policy regarding exactly how the merchant guarantees products or services sold to a cardholder. Merchant banks require a written refund policy for each applicant, as a liberal refund/return policy may encourage the reduction in the number of chargebacks that a merchant receives. Internet merchants *must* post their refund policy online.
The “base” discount rate that merchants are charged on Credit card transactions that are either (A) Card-present sales that are swiped through a POS and the merchant batches out at the end of the day or (B) Card-not-present, and the AVS is provided. Regardless of the method used to submit the transaction, certain card-types will
A discount rate that is billed in addition to the “Qualified” discount rate, usually for one of these reasons: (A) a retail merchant passing a card-not-present transaction, or (B) card-present *and* card-not-present transactions made on Government, Signature, Corporate or Foreign Cards, or (C) when retail sales transactions are not batched within 24 hours. The discount
The maximum monthly dollar volume a merchant is approved to process in Visa and MasterCard transactions. The monthly volume is important for underwriter consideration of the application from the merchant and also helps to determine what type of documentation will be required with the file. American Express processing volume is typically *not* included in the