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Old 18th Mar 2010, 14:52
  #267 (permalink)  
xyzzy
 
Join Date: Dec 2006
Location: near BHX
Age: 59
Posts: 30
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For start-ups, especially in fields where there's a high rate of chargeback, the processing company can hold on to the money for up to 45 days. They don't want to be in a position where the company goes bust and they are left refunding all the customers. My personal trainer has started a studio and, because it's lumped into generic `leisure', he's having to wait thirty days for payments to come through. So it's not totally implausible.
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