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#2200726 - 12/14/18 02:51 PM REG CC and visa payments
Secret Squirrel Offline
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Joined: Jun 2017
Posts: 21
Lets say we have a practice of accepting large check payments on a business account visa and because we want to make sure the check clears before any funds are used on the visa we accept the check payment but do not make the funds available on the visa. basically we are placing a hold on the usage of the visa like we would do for a deposit to an account. Are we doing anything crazy? At first we thought Reg CC but its a business account and being applied to a loan. Help!

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Deposits and Payments
#2200728 - 12/14/18 02:58 PM Re: REG CC and visa payments Secret Squirrel
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 79,659
Galveston, TX
It would be a matter of your credit card contract.
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