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Select this link to open the Merchant Department Management screen of the Reserve Funding application. The Merchant Department Management screen enables you to view reserved funding details for the merchant. This report helps you to view the reserved funding balance and other reserved funding configurations for the merchant.
An acquirer’s portfolio contains many business types; some merchant businesses are determined to be more of a financial risk than others. Best business practices for acquirers include strategies for reducing financial risk and securing for unforeseen loss. One option for managing merchant risk is to create reserve funding accounts.
The Reserve Funding tool allows acquirers to set aside a percentage or fixed dollar amount of a merchant’s activity. The reserve funds are placed into an account accessible only by the acquirer. The reserve funds can later be returned to a merchant, provided the merchant has met the acquirer’s specific qualifications.
This table explains the column entries:
Main Column |
Sub Column |
Description |
Department |
Priority |
The department that can reserve or release funds for the merchant. |
Reserve
|
DDA |
The current balance of the funds that have been withdrawn from the merchant’s DDA account. |
Amount |
The amount of funds that will be withdrawn from the merchant’s DDA account. |
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Percent |
The percentage of the deposit amount that will be withdrawn from the merchant’s DDA account. |
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ACH Dep Cap |
The maximum deposit amount that will be funded to the merchant. Any amount over the deposit cap is placed into reserve. |
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Release
|
Amount |
The amount of funds to be released back to the merchant. |
Percent |
The percentage of the current reserved balance that will be released back to the merchant. |
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Carry-over balance |
The current carry-over balance that the merchant has pending. A carry-over occurs when the reserve amount is unable to be withheld from a deposit. The unrealized amount is added (carried over) to the next day’s reserve process. The Carry-over balance will accrue each day with uncollected funds until they can be collected from the merchant. |
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To view reserve funding department details, select a category in the Department > Priority column to open the Merchant Management page.