What is an RMP?
RMP stands for Risk Management Pool. It is a Fee. Some merchants refer to it as a reserve because it acts in a similar fashion. However, it is not a reserve and should not be treated as such for accounting purposes. A reserve is held on a single account and returned after a period of time. RMP may or may not be returned, and when it is returned to you it is done in the form of a non-cash value credit that may be used towards future fees. RMP fees are never returned as a refund to a bank account.
When we charge an RMP percentage, it is stored together with all funds collected in the pool. We may use the funds for any reason, including Attorney's Fees, Bank Recovery Fees, Losses from Fraud, or other general losses and expenses associated with processing for high risk merchants.
If you would like more information please Contact Us.