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Why are my funds on hold?

SOLVEDby QuickBooks456Updated 4 hours ago

Find out why your funds are on hold.

If you have QuickBooks Payments, you can take and process payments in QuickBooks. If you notice a recent payment you accepted is on hold, don't worry. This doesn't mean there's anything wrong. It means we need to review the payment.

We periodically review payments to make sure everything is alright. This benefits everyone involved in the payment process. Here's how to check if a customer payment is on hold and what you can do during the review.

Note: If payments are taking longer 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. Learn how long it takes to get customer payments into your bank account.

We know delays are painful, but we're obligated to protect the interests of all parties involved in the payment process. Refer to your merchant service agreement for more information.

Step 1: See if payments are on hold

Sign in to the Merchant Service Center any time you need to check the status of customer payments.

If you see the word "Withheld" in the Method column, that payment is on hold and we're reviewing it. Any time there's an issue, we'll email you about it.

Step 2: Check your email

If a payment is ever on hold, we'll let you know. You'll get an email at the email address you used to sign in to the Merchant Service Center.

Read the email carefully. It'll give you specific steps to fix any issues. Usually, we ask for more info so we can complete our review. For example, we may ask you to send us a copy of the original invoice you sent to your customer.

Follow the steps in the email as soon as possible. Once we have everything, we can usually complete our review within 2 business days. After the review, we can finish processing the payment.

Check the Resolution Center and make sure you answer all document requests and questions from our team.

FAQ

I've provided all my documents. When will my funds be released?

The information provided will be reviewed within 2 business days.

What if I don't have 6 months of bank statements?

Send all available bank statements, and any statements from a previous processor.

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