Financially Speaking / Article RSS Feed
Jan
28
Customer Question- Reserves?
A TransFS user recently asked:
Do processors on TransFS require reserves?
Our answer:
Our processors usually don’t have reserves, and when they do it is only in legitimate, non-abusive circumstances. We can’t guarantee that our processors won’t have reserves because it’s possible that if the customer does something risky, the processor uses the reserve to protect themselves. As always, TransFS monitors your merchant account for abusive behavior on the part of the processor and will step to assist if necessary.
A reseve is when a processor notices “risky” behavior from a merchant and keeps money in a special account to account for any special circumstances. Learn more about reserves here.
