Balance minimum is a feature that lets you configure a set amount to hold against your available currency account balances to fund issuing, payouts, and refunds.
Configurable on your Dashboard payout schedules, it’s a simple, convenient way to avoid insufficient funds declines, without the manual overhead of balance top-ups.
You can configure your entities’ minimum balances via Settlements and transfers settings in the Checkout.com Dashboard.
Things to know
-
Balance minimum is available to entities contracted to our Europe (Checkout SAS), Singapore (Checkout APAC PTE. LTD), UK (Checkout Ltd), and US (Checkout LLC) entities
-
Balance minimum is available on all currency accounts
-
When a balance minimum is held upon settlement, your payouts reports (Financial Actions By Payout ID, Settlement Statement, Settlement Breakdown) will contain a new line item called ‘Balance Minimum Adjustment’
-
Checkout.com may use your retained minimum balance funds to deduct fees and any other liabilities owed to us. If we deduct funds for these purposes, the Balance Minimum will be restored when your next settlement is triggered.
-
After we enable balance checks on refunds, your minimum balance will contribute toward the funds available to cover refund requests