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How do you get that to happen? There is nothing in the docs about it.
by downandout 12y ago
How do you get that to happen? There is nothing in the docs about it.
- vampirechicken 12y agoProbably by becoming a highly-trusted, low-risk customer. Payment balance float is all about holding some money in reserve in case of chargebacks. The better your stats are, the less money a processor will insist on holding in reserve.
- downandout 12y agoBalanced did it by default.
- vampirechicken 12y agoI'm not familiar with the volume of data that balance collected at signup. But I am familiar with the volume of info in the PCI's "Know Your Customer" initiative. I i'm going to speculate wildly that balanced got to know their customers during onboarding, rather than waiting until after they started processing payments. Additionally, I think that a company's level of trust with their customers involves some 'coefficient of risk' regarding potential losses to chargebacks against a low or non-existent reserve. I find the topic interesting, especially the consequences at a federal level if you guess wrong and the "customer" turns out to be laundering money.