Limits on invoicing/Holds of funds
ECG
Member Posts: 1
Is there a limit on how much you can invoice? Is there an amount that, if you go over it, it will put your funds on hold? I’ve had issues with this with other processing companies, and wondering if that would happen here. Thank you so much in advance!
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Comments
Hey @ECG!
When it comes to simply creating the invoice in Wave, there are no limits as far as I know (I just tested this on my own account, and was able to make an invoice for $1B). However, if you were to process the payment through Wave Payments (available to users in Canada and the United States only), then there would be some transactional and daily limits imposed on credit card and bank payments.
Having said that, the limits are quite high. Is there a particular invoice or transaction that you had in mind? If so, how much is it for? If you provide me with the amount I can let you know if it will exceed any limits.