What is an RMP?
Modified on: Sat, 8 Apr, 2017 at 2:00 AM
RMP stands for RISK MANAGEMENT POOL. An RMP is NOT a reserve. It is a place that funds are sent to from a group of merchant accounts. The group of funds helps mitigate against losses from chargebacks, accounts left negative at financial institutions, lawsuits and other legal actions, bank demands, and more.
Why is an RMP required?
If you have been informed that we require an RMP percentage on your account, it is because your account has been deemed too high of a risk to process your checks without it. Without the RMP your account would have just been declined. If you have any additional questions, please email Support@Green.Money.
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