Rolling Reserve

Glossary - Rolling Reserve

Means a security reserve of Merchant funds established and held by the acquiring Bank in an account in the name of the acquiring Bank at a Bank or financial institution acceptable to the acquiring Bank for the sole purpose of enabling the acquiring Bank to recover any and all liabilities of the Merchant to the acquiring Bank when in the exclusive opinion of the acquiring Bank due settlement will not be sufficient to cover such liabilities whether present, future, actual or contingent.

The acquiring Bank may withhold a rolling reserve for each Merchant account. The rolling reserve is typically held for 180 days after the purchase. It is withheld in order to cover any potential chargeback or return. At the end of 180 days from the purchase, any amount remaining in the reserve is repaid to the Merchant on a rolling basis.

Perpetual Payments Limited is part of the Voice Commerce Group. | Voice Commerce Limited (company number 5428358) is authorised by the Financial Services Authority under the Payment Service Regulations 2009 (register reference 504312) for the provision of payment services and holds a consumer credit licence (number 624404/1). VoicePay Limited (company number 5042556) has been issued with a small e-money issuers certificate and is regulated for the provision of payment services by the Financial Services Authority. Voice Commerce Group is registered as an ISO/MSP under Visa & MasterCard rules.