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Amazon Hold Funds Indefinitely

After the agreement terminates the bank can hold or deposit funds in the reserve account an amount that can cover outstanding processing fees chargebacks damages or other fees or penalties from the credit card associations. Amazon suspends Parler threatening to take pro-Trump site offline indefinitely. Amazon Banned Me Destroyed My Business In One Single E Mail As of March 2020 VTSMX owns 1193 million Amazon shares which accounts for 264 of the funds total assets and 241 of Amazons total shares held. Amazon hold funds indefinitely . For years Amazon dispersed the funds for closed accounts in almost every case. This usually takes about 90 days but funds may be held longer. Amazon to indefinitely extend ban on police use of facial recognition tech Premium The logo of Amazon REUTERS 2 min read. I know on other online companies if you are suspendedthey hold your funds for up to 6 monthsthis is incase any returns or refund requests comes in they wont have to pay out of pocket.