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How to set reserves

Version: V5.2.0
Added on: 01/06/16
Time: 15 min
Category: Quick Guides

Prerequisite Tutorials

Name Added On Difficulty Time Required Description
Creating a merchant with remittance settings 06/16/14 30 mins In this tutorial we are going to create a new Merchant with extended settings.

Useful Terms


How to set reserves

  1. Are you ready?

    In this tutorial, we are going to set a reserve rate and minimum amount. We will use the parameters of the merchant created in Creating a merchant with remittance settings tutorial.
    We will use the following parameters:
    New bank card reserve rate: 5%
    New direct debit reserve rate: 3%
    Minimum amount (payment card): $1,000
    Minimum amount (direct debit): $800
  2. Log in to the system using your Username and Password and switch to the Management => Merchant Perspective.

    Note: To learn how to log in and select perspectives, use the prerequisite tutorial Logging in and navigating the application.
  3. Select appropriate Merchant or Merchant Account in the top left section of the screen.
  4. Locate     Details  button in the top section of the screen and click on it.
  5. Locate     Funding  menu item and select a Deposit menu item from the list.
  6. Locate   Payment Card Reserve  groupbox
  7. Enter 5 into the Ratetextbox
  8. Enter 1,000 into the Payment Card Reservegroupbox
  9. Locate   Direct Debit Reserve  groupbox
  10. Enter 3 into the Ratetextbox
  11. Enter 800 into the Direct Debit Reservegroupbox
  12. Click   Savebutton
  13. Congratulations, you are done!

    Now you know how to set a reserve rate and minimum amount and can do it by yourself.