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OPS12
Level 2

Merchant Account Problems

I had a merchant account with QuickBooks, shortly after I was verified and told "go ahead and start accepting payments" it was terminated. When I called they would not release why but are holding a payment of $3,575.00 of mine. They will not release the funds to me. I have called many times and every time same "solution", we have escalated your case, you will hear back within 2 days which I never do. The rep actually told me today that after it's escalated, if it doesn't get worked in 48 hours, it gets closed... what kind of business practice is that?! Being an accountant with a business law background, I am appalled at how this is being handled and will be reaching out to my attorney to file an official complaint.

6 Comments 6
MJoy_D
Moderator

Merchant Account Problems

We don't want you to be inconvenienced in any way, @OPS12.

 

The payment will trigger a hold once your payment processing exceeds the dollar amount expected on your account or processed after several authorization attempts and failures.

 

Intuit will release that payment after providing us all the requested information. You'll usually receive an email from us asking for some information about the transaction. Once we get everything from you, we can usually complete the review within two (2) business days. 

 

I also suggest reaching back to our Payments Support team to trace this charge and verify why the transaction is still withheld. 

 

For your reference, here are some links that you can check out about fixing the payment on hold status for deposits:

 

 

Please let me know if you require any further help in handling your transactions. I'll be here to help in any way I can. Have a wonderful day.

OPS12
Level 2

Merchant Account Problems

I never received an email from Quickbooks trying to verify anything, instead the account was just closed. Also I have called someone on the payments support team 4 times now which again I get the same answer "we will escalate". 

OPS12
Level 2

Merchant Account Problems

I have done all of this. I never received an email from Quickbooks. 

serendip
Level 1

Merchant Account Problems

email the office of the president, they provide a better customer services experience although not much better

 

[email address removed]

 

You can also go here https://www.intuit.com/company/executives/  and click on the link in the blue area at the top 

 

I only know this as the result of Intuit underpaying us by $750 and it taking months to get it back

KV Homes
Level 1

Merchant Account Problems

I'm going through the exact same thing right now. After calling 4 times, I finally got someone that was able to find the funds and figured out that I had a merchant account that they closed. Not once did I receive an email asking for verification of anything.

The CS rep claims they can transfer the funds to my new merchant account that is active and that it will take 2 business days. But reading your experience, that might just be what they say. I'm really hoping they deposit my funds in 2 days.

Josh Volk
Level 2

Merchant Account Problems

I have a client who is still in the middle of a months long similar situation. She also has about $3700 in funds that were held and just recently deposited after more than a month. They allowed her to open a new account and then the same thing happened again with a little under $2000 in payments. Despite numerous calls it still has not been resolved, and everyone she talks to at Merchant Services seems to have a different story about what is going to happen and what triggered it. Even if it does eventually get resolved it's going to be very difficult to trust the service in the future. 

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