Payment Processor Holding 30% Reserve on All Transactions

I publish illustrative scenarios prepared by my practice. All participants and conversations are fictional. The fictional posts are not posts by real users, accounts of client experiences, or reports of actual results.

Illustrative scenario prepared by my practice.

For informational purposes only. This is not legal advice.

Hypothetical question

Looking for advice on this situation. Payment Processor Holding 30% Reserve on All Transactions Is this as bad as I think?

Details: I'm in a situation where I need to understand my legal options. Has anyone dealt with something similar?

Illustrative response

File a complaint with the CFPB immediately. Payment processors and banks respond much faster to regulatory complaints than to customer service tickets. Example: a $20K hold can be released within a week after a CFPB complaint.

Payment Processor Holding 30% Reserve on All Transactions

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