Why Do Payment Processors Freeze Accounts? – Whitney Vandiver

When a payment processor freezes your account, everything stops: You can no longer process credit cards and or access settlement funds until the freeze is resolved. These disruptive freezes can be triggered by transaction patterns that appear suspicious, such as higher-than-average transaction amounts or frequent chargebacks. You can typically get these freezes resolved by providing…

Whitney Vandiver writes for NerdWallet. Email: wvandiver@nerdwallet.com.

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