Freezing of Funds

Ginger HollowellCredit Card Processing/ Merchant Services, Restaurant POSLeave a Comment

During this time of social distancing and businesses shutting down, some credit card processors are freezing merchants’ funds. Why do they do this? The answer goes back to understanding our system of credit card processing. Merchants are so used to taking credit cards and seeing money go into their bank account that they think credit card transactions are cash transactions. After all, if it looks … Read More