I have the same issue this week which is really annoying.
I have the 3 wire kit set at 12.4v cut off. I have monitored my voltage direct to the fuse taps into a multimeter high-low memory function and and it goes from 12.6, and over a course of a few hours to 12.23v. Yet it doesnt cut off!
I have a phone in the car recording the dash cam power lights.
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I literally sat in the car testing for a constant fuse and a suitable ACC fuse. The camera is 100% wired correctly as the display shows a Car+Camera icon when in drive mode. And after ACC turns off (lock the car with me in it) I can see it go into Park mode when there is a "P"+Camera icon. Files on the card show the full size mp4 files vs low bit rate files too.
I am not sure if its a tolerance thing but +_ 0.2 volts is huge as thats approx 20% battery charge difference.