Payment hold

In accounting, payment hold means a block on a billPayablesBillA claim against us or a vendorPayablesVendorA party we buy from that keeps it out of every payment runPayablesPayment runA batch of payments released together until released — a disputeCashChargebackA card payment reversed by the cardholder's issuing bank on a cardholder claim — fraud, goods not received, not as described. The processor debits the merchant the amount plus a fee; the merchant may contest it with evidence (representment), a failed match, a missing W-9, an unverified bank-detail change. The reason is recorded and the bill keeps agingReceivablesAgingGrouping open receivables or payables into buckets by days past due date — current, 1–30, 31–60, 61–90, 90+.