Reasons For Implementing An Account Level Reserve
After you complete the registration process and start to transact, you are placed on a different level of account reserve. ..
Scam Cases
Control of Performance
Guarantee Claims
Chargebacks
If a seller’s account receives a chargeback from an order, the money from the purchase might be reserved in the account level reserve. The seller can only receive the money for the order until the issue raised by the customer is solved. Again, the dispute resolving process might take 14 days or more, depending on the argument presented by the buyer and seller. If an issue arises with a purchase that was made through an account that received a chargeback, any money remaining in that account would be used to cover any outstanding debts and would not be available to refund or credit customers.
Review of Account
Local Tax Requirements
Tier I new accounts have a 100% rate when they earn funds from their sales. This means that when they earn money, the account will be held in reserve for one to two weeks. If all the selling procedures are okay or lack claims, the funds are disbursed to the seller’s bank account.
Sellers who have completed more than 100 orders will be upgraded to Tier II. The amounts collected from sales, 3% of it, will be reserved if they have existing disputes. Sellers can decide to request their accounts to be moved to Tier II after six months of sales and if the defect rate is under 1%. ..
