{"id":4336,"date":"2017-05-08T14:12:21","date_gmt":"2017-05-08T18:12:21","guid":{"rendered":"http:\/\/www.nationaltransaction.com\/credit-card-merchant\/?p=4336"},"modified":"2017-05-08T14:15:25","modified_gmt":"2017-05-08T18:15:25","slug":"tips-for-preventing-funding-delays","status":"publish","type":"post","link":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/tips-for-preventing-funding-delays\/","title":{"rendered":"Tips for Preventing Funding Delays!"},"content":{"rendered":"

Tips for preventing funding delays!<\/strong><\/p>\n

If you\u2019re running an unusual transaction and know of it beforehand, let your merchant provider know; sending an invoice in advance can cut processing time.<\/p>\n

Make sure to give your most up to date information. Keeping provider in the loop on the fluctuations in your processing volumes will help tremendously, especially as your business grows.<\/p>\n

Funding delays are an inconvenience, but being prepared can keep the delay to a minimum. If you keep these tips in mind, you\u2019ll be processing without ever having to worry about delays again.<\/p>\n

Flagged, Security and Review Process<\/strong><\/p>\n

Why some merchant accounts hold funds and others do not?<\/p>\n

There are a number of reasons: <\/strong><\/p>\n

Underwriting merchant account is ongoing. Imagine a small business convenience store was set up and accidentally enters $1,000.000 should we transfer that or hold it?<\/p>\n

One reason is something has gone with that particular business account.<\/p>\n

Another reason could be that particular institution\u2019s practices are more efficient than others.<\/p>\n

Financial institutions use different payment processing systems, and they are not uniform in their practices. For this reason, some transactions are significantly faster than others.<\/p>\n

Though there are other reasons funds get held, the main reason for this occurrence is when a payment is out of the ordinary patterns.<\/p>\n

Unusual transactions are any transaction that vary from your typical processing patterns.<\/strong><\/p>\n

If It\u2019s for security<\/strong>, an account will be flag as a way to reduce fraud as well as ensuring no one is using your account.<\/p>\n

How do I know if I\u2019m flagged?<\/strong><\/p>\n

Security checks are carried out by processing banks or processor. You\u2019ll be contacted by a loss prevention officer. They\u2019ll provide all details of the hold, including the review process as well as the next steps.<\/p>\n

What\u2019s the review process?<\/strong><\/p>\n

The\u00a0review is simply to verify your transaction before delivering your funds. A typical review is confirming the transaction with yourself as well as your customer\u2019s credit card company. You\u2019ll speak briefly with a loss prevention officer to discuss the transaction. If further review is required, the loss prevention officer may ask you for a copy of the transaction\u2019s invoice.<\/p>\n

How can I speed up the process?<\/strong><\/p>\n

For an easy review, make sure to provide detailed documents. When an invoice is asked for, make sure it clearly shows the following:<\/p>\n