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When it comes to running a small business that accepts electronic payments, there are two words that business owners don’t like to hear from their merchant services provider: holds and reserves.
Those words, of course, describe the decades-old standard practice of having merchant processors hold funds in reserve or hold back a small percentage of each sale to reduce the risk of chargebacks and fraud.
Holds and reserves can delay a small business’ access to revenues on their sales by as much as seven to 21 days – and can create a huge cash flow hole.
Holds and reserves are a concept that PayPal wants to make a part of the merchant services history book, as COO
Read full article » https://www.pymnts.com/smbs/2018/paypal-funds-now-instant-access-merchant-sales/
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