Rolling Reserve

The Rolling Reserve feature enables you to specify a number of days that funds are reserved for a merchant. The availability of this feature depends upon the configuration of the Bank ID for the merchant and your user privileges.

You can set up a merchant for Rolling Reserve on the Manage Merchant Reserve box by either of these methods:

• Set the Rolling Reserve Indicator to Yes and the number of days specified in the Number of Days field.

  Indicates the number of days funds are reserved for the merchant.

  When managing the settings on the Manage Merchant Reserve, Add New Reserve ID, or Maintain Reserve ID box, if the Bank selected is setup for Rolling Reserve and you select Yes from the Rolling Reserve Indicator drop-down list, the box refreshes to include the Number Of Days field, where you can enter the number of days the funds are to be reserved.

  This field appears on the Manage Merchant Reserve, Add New Reserve ID, and Maintain Reserve ID box if the Bank selected is setup for Rolling Reserve.

  When set to Yes, funds are reserved for the merchant for a specified number of days.

  When managing the settings on the Manage Merchant Reserve, Add New Reserve ID, or Maintain Reserve ID box, if you select Yes from this drop-down list, the box refreshes to include the Number Of Days field, where you can enter the number of days for the funds to be reserved.

• Apply a Reserve ID that has the Rolling Reserve Indicator set to Yes and the number of days specified in the Number of Days field.

  Indicates the number of days funds are reserved for the merchant.

  When managing the settings on the Manage Merchant Reserve, Add New Reserve ID, or Maintain Reserve ID box, if the Bank selected is setup for Rolling Reserve and you select Yes from the Rolling Reserve Indicator drop-down list, the box refreshes to include the Number Of Days field, where you can enter the number of days the funds are to be reserved.

  This field appears on the Manage Merchant Reserve, Add New Reserve ID, and Maintain Reserve ID box if the Bank selected is setup for Rolling Reserve.

  When set to Yes, funds are reserved for the merchant for a specified number of days.

  When managing the settings on the Manage Merchant Reserve, Add New Reserve ID, or Maintain Reserve ID box, if you select Yes from this drop-down list, the box refreshes to include the Number Of Days field, where you can enter the number of days for the funds to be reserved.

Note: If you set up a merchant for a Rolling Reserve, the options to Manage the Release Settings, Set a One Time Reserve, Set a One Time Release, Record a One Time Reserve Balance Adjustment, Record a One Time Release Balance Adjustment, and Transfer Funds on Reserve become unavailable for that merchant.

You can then manage the rolling reserve activity for the merchant.