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Buy nowI’ve got you covered about funds on hold in QuickBooks Online (QBO), damayanti. I have the details you need so you can be guided about what to do and the frequent reasons for this occurrence.
If you utilize QuickBooks Payments, you have the ability to handle payments directly within QuickBooks. In case you come across a payment that seems to be on hold, there is no need to worry as this does not indicate any issues. It simply means that we need to review it to ensure that everything is in order. This process is beneficial for all parties involved in the payment process. Our team regularly examines payments to ensure their accuracy.
In line with that, customers with funds withheld on their accounts will receive an email to the one you used to sign in to the Merchant Service Center. It'll give you specific steps to fix any issues.
To sort it out, please follow the steps in the email urgently. After that, our dedicated team will work on this within 2 business days, then, they can finish processing the payment. However, if the funds are withheld for more than the specified days, please consider contacting our Merchant Support Team to check it further.
The process may need you to provide your confidential information. To maintain your privacy, it’s best to contact them. You can do so by following the steps below within your company file:
Additionally, refer to this article for other options when contacting them. You can also scroll down to the bottom to see their support schedule and hours: Contact Payments Support.
Feel free to add your reply if you need further help in managing customer payments. The Community is 24/7 open to help you. Stay safe!
Actually,@damayanti.page , Intuit/ QB "holds" your money, to make money off of it. You see, they collect interest. The longer they "hold" it, the more interest they collect.
There are people that have had to wait weeks, if not MONTHS on end, to get their money released.
There is actually talk of a class action lawsuit because of this.
You can find others in this same boat by using the Search bar at the top of any page here in the community.
Good luck.
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