Common use of Merchant Authorization Holds Clause in Contracts

Merchant Authorization Holds. If you use your Card at a restaurant, a hotel, or other merchant where the total purchase price may not be known at the time of purchase, the merchant may pre-authorize the transaction amount for an amount that exceeds the purchase amount to ensure there are sufficient funds available to cover tips, incidental expenses, or other applicable amounts. Any preauthorization amount will place a “hold” on your available funds on the Card until the merchant sends us the final payment amount of your purchase. Following receipt of the final payment amount, the preauthorization amount on hold will be removed, but it may take up to thirty (30) days for the hold to be removed. During the hold period, you will not have access to funds in your Card Account for the pre-authorized amount.

Merchant Authorization Holds. If you use your Card at a restaurant, a hotel, or other merchant where the total purchase price may not be known at the time of purchase, the merchant may pre-pre- authorize the transaction amount for an amount that exceeds the purchase amount to ensure there are sufficient funds available to cover tips, incidental expenses, or other applicable amounts. Any preauthorization amount will place a “hold” on your available funds on the Card until the merchant sends us the final payment amount of your purchase. Following receipt of the final payment amount, the preauthorization amount on hold will be removed, but it may take up to thirty (30) days for the hold to be removed. During the hold period, you will not have access to funds in your Card Account for the pre-pre- authorized amount.

Merchant Authorization Holds. If you use your Card at a restaurant, a hotel, or other merchant where the total purchase price may not be known at the time of purchase, the merchant may pre-pre- authorize the transaction amount for an amount that exceeds the purchase amount to ensure there are sufficient funds available to cover tips, incidental expenses, or other applicable amounts. Any preauthorization amount will place a “hold” on your available funds on the Card until the merchant sends us the final payment amount of your purchase. Following receipt of the final payment amount, the preauthorization amount on hold will be removed, but it may take up to seven (7) days (up to thirty (30) days for hotels) for the hold to be removed. During the hold period, you will not have access to funds in your Card Account for the pre-authorized amount.