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Funds can be held in three phases:

Vinay Rawal answered on April 2, 2023 Popularity 1/10 Helpfulness 1/10

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Funds can be held in three phases:

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Committed; these are the funds available to the customer

Pending Incoming; these funds will likely be available to the customer soon. For example, an incoming payment prior to clearing, such as a cheque.

Pending Outgoing; these funds will likely be taken from the customer soon. For example, an outgoing payment prior to clearing, such as a debit card transaction. 

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Contributed on Apr 02 2023
Vinay Rawal
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