Manage liable balance accounts

Liable balance accounts are balance accounts that belongs to your platform and hold your platform's funds. There are 2 types of liable accounts:

• Your balance platform's main liable balance account
• The reserved incorrect splits account

Main liable balance account

This is the main balance account tied to your balance platform, and holds most of your balance platform's funds. All your commissions from transactions made on your balance platform are booked to this account. You can also use this account to pay your users' transaction fees or transfer funds to your users for other reasons, such as to correct balances.

Reserved incorrect splits account

When splitting a payment, you may make mistakes in your API request and accidentally book funds to balance accounts that don't exist or that are unable to receive funds. A balance account is not able to receive funds when:

• The account has status closed or suspended.
• The account holder has status closed or suspended.
• The account holder does not have the required capabilities to receive funds.

In such cases, we book these funds to your reserved incorrect splits account. To correct balances later, you can transfer funds internally from this account to any other balance account on your platform.