What is an RMP?
Print
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.
Did you find it helpful?
Yes
No
Send feedback Sorry we couldn't be helpful. Help us improve this article with your feedback.