What is a card machine settlement reserve? UK
What is a card machine settlement reserve? Watch the full video above, or read the complete timestamped transcript below.
Transcript
[0:00] What is a card machine settlement reserve.
[0:07] A reserve is held-back settlement money that covers chargeback risk.
[0:15] Reserves are usually 5 to 15 percent of monthly volume and released later.
[0:22] Reserves run 90 to 180 days then taper; high-risk can be permanent.
[0:30] Worldpay, Elavon and Barclaycard set reserves; facilitators absorb risk.
[0:37] Full UK card machine comparison on merchanthq.co.uk.
MerchantHQ is an independent UK comparison and introducer service, not a payment provider.