You can go to a less day hold; however, any merchant who wants a less day hold on his/her merchant account is required to send in the following documentation:
- Most recent two years of audited financials or un-audited financials accompanied with corresponding business tax returns
- Most recent bank statement
- A signed request from an authorized signer on the merchant account stating the desired hold time with a detailed explanation and the name of the Customer Service Representative you spoke to regarding the request.
Also, you may be required to provide an up-front or fixed reserve amount and/or you may be required to consent to a per-transaction price increase.