What is a Rolling Reserve?
Rolling reserve meant that SaltPay retained a 10% ratio of the total amount of all transactions in a settlement, and withheld it for 6 months, or 180 days. For example, a deduction for Rolling Reserve in October that wasn’t used to pay chargebacks, refunds, fees or other debts to SaltPay, would be paid back to the merchant on the next settlement date in March, or 180 days after.
When was it implemented?
Rolling Reserve was implemented in October 2020 to a set number of merchants.
Was SaltPay authorised to put a contract on Rolling Reserve?
As our Terms and Conditions state, in article 51.6, SaltPay was authorized to start deducting Rolling Reserve with a 60 day notice.
Rolling Reserve release:
On July 14th 2021, the deduction of Rolling Reserve (10% ratio of total settlement amount) was put to an end. Following that, in September 2021, the total Rolling Reserve balance was transferred back to the affected merchants.