What is Rolling Reserve Merchant Account? When it comes to new merchants and high-risk businesses , the bank takes all the possible caution to avoid any loss in their business. Due to which they have created a robust network of rules that need to be followed at all times so that the economic and financial aspect of the business never sees any downfall. This is the reason that the bank introduced the concept of Rolling Reserve Merchant Account . Rolling Reserve is a fixed percentage (generally 5-10%) of a merchant’s transacted amount reserved by the bank which can be used in case of an excessive chargeback. This happens for only a short time interval (6-12 months) until the business gets some stability. Upon completion of this time interval, the bank releases the amount to the merchant on the scheduled dates. WHAT IS THE PURPOSE OF ROLLING RESERVE? As we discussed, rolling reserves are applied for the merchants having a high-risk business. The idea of intro
Tech Support Merchant Account Provider It is pretty easy to get a payment processor but it’s not the same with tech support businesses. This is due to the high rate of chargeback risk involved. So when you are looking for a merchant account provider, you should always ask them certain questions before applying. These questions could go as follows: Do you provide high-risk merchant account for tech support businesses? What about remote tech support (if relevant)? Does the underwriting department approve of it? At times salesperson will assure you that they do provide service to tech support business and after you complete the process of applying for it, and send it for approval to underwriting department; you might find out that your application is rejected because they do not support tech support business. Tech Support Merchant Account Fees Our tech support merchant account fees are competitive and affordable, and our application process is free. Once our