loee
New Member
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Post by loee on Apr 19, 2024 8:57:22 GMT -8
An authorization hold is a temporary hold on a specified amount of funds in your account when you make a transaction, particularly with debit or credit cards. This hold ensures that the funds are available for the purchase while the transaction is being verified. It's not an actual charge but rather a security measure to confirm that sufficient funds exist. The hold is typically released once the transaction is fully processed, which can take a few days. This practice is common in hotels, gas stations, and other businesses where the final purchase amount may vary. For a more detailed explanation of authorization holds and how they work, you might find this article helpful: paybis.com/blog/glossary/what-is-an-authorization-hold/. It provides insights into why holds are placed and what it means for your account balance during transactions.
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