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Majestic Stone
Level 1

Why are my Deposits withheld?

I have achieved deposits being withheld
3 Comments 3
KayePe
QuickBooks Team

Why are my Deposits withheld?

Hello there, @Majestic Stone. Let me share insights on deposits withheld in QuickBooks Online (QBO).

 

To ensure security, payments accepted in QBO will be review. It benefits everyone involved in the payment process. If payments seem extended than usual, they may not be on hold. For new QuickBooks Payments users, the first few payments take longer to process while we set everything up. 

 

Here's what you can do while your deposits are on hold in QBO: 

 

Step 1 is to see payments on hold.

 

Sign in to the Merchant Service Center to check customer payment status. If you still see "Withheld" in the Method column, payment is still on review and checking. If there's an issue, you'll receive an email about it.

 

Step 2 is to check your email.

 

We'll let you know if payment is ever on hold. You'll receive an email at the email address you used in signing in to the Merchant Service Center. 

 

If you received an email, read it carefully. It has specific steps for fixing the issue. Follow the in the email. Once done, we will complete the review within two business days and finish the payment process. To know more about the deposits withheld, you can check this article for further knowledge: Why are my funds on hold?

 

On the other hand, you may scan this link as a guide when moving funds within two accounts in QBO: Transfer funds between accounts

 

Let me know if you have more questions about deposits withheld inside QBO. I'm always ready to assist. Have a great day! 

Just_me
Level 10

Why are my Deposits withheld?

@Majestic Stone   The REAL answer is that Intuit/ QB holds your money to MAKE money off of it.  They collect interest.  The longer they "hold" it, the more interest they collect off it.  

It's all very deceiving and shady.    

Flawless pool care
Level 1

Why are my Deposits withheld?

My deposits have been withheld now for almost a month. I finally spoke to someone yesterday an she said they were being released now but today when I check the latest deposit has been added to being withheld. What did you do to get yours released.  I have used qb self employed for almost 4yrs never had a issue. Upgraded to qb simple start last month an have yet to see a deposit clear an not be withheld 

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