Auto Redeposit Feature

NACHA rules allow merchants to redeposit entries when the initial deposit was returned for either Insufficient Funds or Uncollected Funds. Two redeposit attempts are allowed within 180 days of the settlement date of the initial deposit. Worldpay offers an optional service that allows you to preconfigure automatic redeposits of transactions returned for the those reasons. You define the number of days from the initial return for Worldpay to resubmit the transaction. You also define the number of days from the return of the first resubmission for the attempt of a second resubmission.

You track the current state of your transactions, returns, and resubmissions via the iQ User Interface. Please refer to the iQ Reporting and Analytics User Guide for additional information.

For example, you submitted an eCheck Sale transaction on 29 January that declines for Return Reason Code R01 - Insufficient Funds. The return occurs on 1 February. With the Auto Redeposit feature enabled and a preset period of 5 days for the first redeposit, the system automatically generate a resubmission of the deposit on 6 February. If this transaction also declines for the same reason code on 7 February and you have a preset time period for the second redeposit of 7 days, the system generates the second redeposit on 14 February.