Confidential by defaultEstablished 201072 Jurisdictions

Are they (the principal license holder) going to hold some money? For example, if they got 100% from the customer, do they hold to the funds or will they release it all?

The question in full

Principal License Holder funds refer to customer money processed under regulated RaaS structures. Funds are typically credited immediately, while a separate reserve is maintained for chargebacks and fraud risk management.

Answer

They will credit all the money. There is an additional requirement to place funds in reserve. These are separate from the pre-funding that you may do. These funds are held in reserve to pay out against any chargeback &/or fraud that may occur, as the PLH would have to draw down on this amount from the reserve pool and then investigate the transaction.

The principal license holder and their respective partners, do not hold on to customer funds (for purposes of reserve, etc.)

Are they (the principal license holder) going to hold some money? For example, if they got 100% from the customer, do they hold to the funds or will they release it all?

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