Reserve: Difference between revisions

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==What is reserve?== <!--T:6-->


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Reserve is a restriction that is automatically added to your account when you use a non-guaranteeable payment method, such as Paypal and Skrill. When you get reserved, xat stops a portion of your xats from being transferred or being used in unbalanced trades (when the value you are giving away is much greater than what you are receiving).
If you pay by PayPal or Credit Card, a reserve will automatically be applied to your account. This limits the amount of xats you can give away while transferring or trading. It also offers you some protection if you are a victim of [[Phishing]]. Note that PayByCash payments do not have any reserve.
 
==Why do I have reserve?== <!--T:8-->


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When you buy a pack of xats and days, a proportion of those xats are held in reserve, unavailable for transfer or unbalanced trades (when the value of what you are trading is much greater than what you are receiving). If a transfer or unbalanced trade would cut into your reserve, you will get a message saying insufficient cleared funds and the transfer or trade will fail.
You get reserved when using payment methods that are not "guaranteed payments" which means the payment can later be taken back (i.e. charge-backed). This is put in place to stop users from buying xats then giving them all away, making it harder for xat to track down these xats and get rid of them, and to stop the user from selling all of the xats for profit then taking back the payment. It also has the added benefit of some protection against [[<tvar|1>Special:MyLanguage/Phishing</>|Phishing]].


==Can I get rid of reserve?== <!--T:10-->


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You can still use all the xats to purchase powers, exchange for days, purchase promotion etc. Over time the reserve is reduced until eventually all the xats are available. This is done to allow you to transfer some xats, days and powers to your friends or participate in unbalanced trades.
xat will only reduce/remove your reserve if it is an absurd amount which would leave you waiting a long period of time before all of your xats are available to be spent. Your reserve will also reduce over time, eventually leaving all your xats cleared and freely transferable.


==What can I do while reserved?== <!--T:12-->


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With the reserve, if someone [[Phishing|phished]] your account they could only transfer out the "cleared" xats, days and powers saving you from a costly experience. If you did a high value trade, were not paying attention and didn't notice that they changed the offer at the last minute the chances are this would cut into your reserve so the trade would fail.
You can still use your xats, without restriction, on official features such as promotion, short names, and buying groups. You can also freely buy powers from xat's buy page. While reserved, you are capable of using the trade engine (see: [[<tvar|1>Special:MyLanguage/Trading</>|Trading]]).
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Revision as of 14:14, 14 November 2020

What is reserve?

Reserve is a restriction that is automatically added to your account when you use a non-guaranteeable payment method, such as Paypal and Skrill. When you get reserved, xat stops a portion of your xats from being transferred or being used in unbalanced trades (when the value you are giving away is much greater than what you are receiving).

Why do I have reserve?

You get reserved when using payment methods that are not "guaranteed payments" which means the payment can later be taken back (i.e. charge-backed). This is put in place to stop users from buying xats then giving them all away, making it harder for xat to track down these xats and get rid of them, and to stop the user from selling all of the xats for profit then taking back the payment. It also has the added benefit of some protection against Phishing.

Can I get rid of reserve?

xat will only reduce/remove your reserve if it is an absurd amount which would leave you waiting a long period of time before all of your xats are available to be spent. Your reserve will also reduce over time, eventually leaving all your xats cleared and freely transferable.

What can I do while reserved?

You can still use your xats, without restriction, on official features such as promotion, short names, and buying groups. You can also freely buy powers from xat's buy page. While reserved, you are capable of using the trade engine (see: Trading).