How do you stop your money from being held?

  1. Know your industry risk level: Different industries have different levels of risk associated with them. Understanding your industry’s risk level can help you find a payment processor that is well-equipped to handle your specific needs.
  2. Read and understand the processing agreement: The processing agreement will outline the terms and conditions of your relationship with the payment processor, including any reserve requirements. Make sure you understand what the agreement requires and what your obligations are.
  3. Maintain a low chargeback rate: Chargebacks can trigger a reserve hold on your funds, so it’s important to maintain a low chargeback rate. Implement fraud prevention measures, such as address verification and CVV2 checks, and be vigilant about monitoring transactions for signs of fraud.
  4. Provide accurate and complete information: Make sure to provide accurate and complete information to your payment processor, including your business information and processing history. This will help the processor accurately assess your risk level and minimize the likelihood of a reserve hold.
  5. Communicate with your payment processor: If you have concerns about a reserve hold or any other issue, reach out to your payment processor and ask for clarification. Good communication and a transparent relationship can go a long way in avoiding disputes and ensuring that your funds are not held.
  6. Don’t run transaction that exceeds high ticket limit set on your account. If you do need to run a transaction higher then approved amount call and talk with your processor.

Simply, by following these steps and working closely with your payment processor, you can minimize the likelihood of your funds being held and ensure that your business is able to process payments smoothly and efficiently.

Speak to an Expert Today!