Holding period
For those transactions processed successfully through the payment gateway,merchants can check them in statement list and balance,but they can not withdraw the funds to their bank account due to holding period rules.Normally the holding period ranges form 7 days to 30 days depending on the merchants' business type,volume,chargeback rate and so on. It means the amount due will stay silence in your merchant account for some days.
For example,let's say today is 2017-01-08.
If we set the holding period to 0,then all the approved transactions amount of current day(2017-01-08) will not be available for withdrawing.
If we set it to 1,then the amount of all transactions processed on 2017-01-07 and 2017-01-08 will be unavailable.
And so on...
With the method of circulation settlement, merchants can be settled by daily utmost to get cash flow quickly.
To
prevent the risk from high risk business,we usually will set a long
holding period for those merchants who have no processing history or who
have pretty high chargeback rate and low volume with ipasspay.com.But
this is not fixed,merchants who have been processing with ipasspay.com
more than 3 months with good volume and low chargeback rate can apply
for a short holding period,and also a low buy rate and chargeback fee.
