Some purchases require a preauthorization wherein the merchant puts in a transaction for an amount larger than the purchase. This most often occurs at the gas pump or at a restaurant. When dining out, restaurants sometimes add 20 percent to your total to account for the tip. We are required to approve and hold funds based on the estimated total until the merchant finalizes the transaction. Merchant finalization can take up to 7 days.
Created by: Greg Boggs
Modified on: Thu, 21 Jun, 2018 at 11:06 PM
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