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Maxson
Level 1

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Contacted Merchant Services requesting guidelines for accepting a large...7 figures...American Express payment from a customer. Was told funds would be held for 5 business days. Customer attempted to make 1/3 payment. Intuit stated there was a "transaction limit". Spoke with Merchant Services and was "guaranteed" that the monies would be held for 5 business days. Customer made 5 separate transactions under the "transaction limit". 1 day later, merchant services requested additional documents from Company. Company provided all documents promptly. Another 3 days. Now we are 5 full business days after American Express monies received. Merchant Services is NOW holding the funds for ANOTHER 4 TO 6 DAYS! No one...and I mean...NO ONE will help. Individual we spoke with for over 45 minutes said that the department who makes the determination is a "non customer" department. My client is about to lose a $1.2 million deal because of the lack of transparency from Intuit Merchant Services. ANY HELP?  Anyone know of a contact who can help? Customer has been vetted. Account has been vetted. PLEASE...GUIDANCE. 

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QuickBooks Team
QuickBooks Team

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This isn't the kind of situation we want you to experience. I'm here to make sure you never experience the same thing again, 

Maxson.

 

We are submitting an internal complaint to the Payments Team documenting your experience. I’ve attached these resources to learn why QuickBooks place the funds on hold and how to minimize them in the future:

 

 

Moreover, I recommend reviewing some of our commonly asked payment questions through this article: QuickBooks Payments FAQ.

 

Don’t hold back to drop a comment below if you have any questions or concerns besides withheld payments. The Community team will be here to help. Keep safe!

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