The Truth About Funding Delays


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Delays in funding are a result of unusual transactions

Unusual transactions are defined as one that deviates from your typical processing activity and account profile. When we setup your account, a unique merchant profile is created for you using the info given to us during the application process. Details such as your average transaction size and processing volumes are examples of what we use to build your unique profile. If you process an unusual transaction, Payfirma’s secure system will flag it for review.

Why do we flag?

For security purposes, of course. It’s a fraud reduction practice we take to ensure that no one is messing with your account.

How will I know I got flagged?

You’ll be contacted by the Payfirma Support Team within 24 hours to notify you of the hold. We’ll explain the reason for the hold, the review process and what to do next. If for any reason we can’t get a hold of you, we’ll try again the next day.

What’s the review?

The review will verify your transaction and get you your funds. A typical review requires confirming the transaction with yourself and your customer’s credit card company. You’ll speak briefly with a risk officer to discuss the transaction. Following your chat, the risk officer will contact your customer’s card company to verify the transaction. If further digging is required, the risk officer will ask you for a copy of the invoice for the transaction in question.

Once you’ve cleared the review process, you can expect to receive your funds in your bank account within 24 to 48 hours.

How can I speed up the process?

Usually, delays fall into the 7 day period but can extend if further consideration is necessary. A simple thing you can do yourself to ensure a seamless review is to provide detailed documents. When an invoice is asked for, make sure it clearly shows your customer’s name, address and phone number before you submit. An invoice to ABC Company, Vancouver will take eons longer to verify than an invoice to ABC Company, 123 Main Street, Vancouver, BC V6E 4A2, 1-800-222-3333.

Pro tips to prevent delays

Funding delays are a pain, but they don’t have to be. If you keep these tips in mind, you’ll become a processing pro and never have to worry about delays again.