Code to set the default order status for card payments to 'On Hold' - By WebToffee ( Stripe Payment Gateway)

functions.php

<?php //Do not copy this line of code
add_action('woocommerce_thankyou', 'set_order_status_on_hold', 10, 1);
function set_order_status_on_hold($order_id) {
    // Get the order object
    $order = wc_get_order($order_id);
    
    // Check if the order exists and if the payment method is your custom one
    if ($order && $order->get_payment_method() === 'eh_stripe_pay') {
        // Set the order status to 'on-hold'
        $order->update_status('on-hold', __('Order status set to on hold by custom payment method.', 'payment_gateway_stripe_and_woocommerce_integration'));
    }
}