Quote:
Originally Posted by MrMaxwell
Had a pending charge released today and it went, of course, to the virtual account. I guess that's where pending money would exist, anyway. I'm still not clear on where the funds are actually kept. At the St. Kitts bank if it's in the wallet? In thin air in the VV?
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Most wallets work on a Master Account/Quasi-Account method.
The master account is a slush account where the total balances sit. When a wallet holder transfers funds into the Virtual Account for release, a debit is made to the master account and a quasi-account attached to the specific card is credited so that ATM and Interchange networks can find it.