QuickBooks may hold your money for a variety of reasons, including:
- Suspected fraudulent activity: QuickBooks may hold your money if it suspects that your account has been hacked or that you are engaging in fraudulent activity. This could be based on factors such as a sudden increase in sales, a large number of international transactions, or a high rate of chargebacks.
- New account: QuickBooks may hold your money if you are a new customer or if you have recently made a large deposit. This is a security measure to protect QuickBooks from fraud.
- Risk assessment: QuickBooks may hold your money if it assesses that your business is at a high risk for fraud. This could be based on factors such as the type of business you operate, your industry, or your location.
If QuickBooks is holding your money, you can try to resolve the issue by contacting customer support. They will be able to review your account and determine why your money is being held. Once they have determined the reason, they will be able to tell you what steps you need to take to release your funds.
If you have provided QuickBooks with all of the information they have requested and your money is still being held after three weeks, you may want to consider contacting your bank. They may be able to help you resolve the issue with QuickBooks or they may be able to offer you a temporary loan until your funds are released.
