Race Reserve Requirement Drops from 20% to 10%

We are happy to announce that we are dropping our standard race reserve requirement from 20% to 10%, and the overall payment account reserve requirement from 10% to 5% effective immediately. You should see these new numbers appear in the various race financial reports and payment account reports.

This drop is due to analyzing the chargeback data we have collected over the past month on chargeback risk. We feel for most races, the 10% reserve is adequate at this time. We do reserve the right to adjust this on a per race or payment account basis where there is additional risk.

We hope to lower these reserve requirements further as our community recovers.

Andrew put this video together to explain the financial summary page for races in full detail (it has lots of detail, and he somehow makes it at least a bit entertaining):

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