Questions tagged [pre-authorized-payment]

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Pre-Authorized Direct Debit through online forms

This might be a cross-over between stackoverflow and money.stackexchange but I am wondering about the rules and regs of setting up a Pre-Authorized Direct Debit (PAD) through an online form. Say I ...
9
votes
1answer
370 views

Card pre-authorization time limit

I've booked a hotel for a stay 8 months from now on a no-prepayment basis. As per usual, they pre-authorized my card; which makes me ask out of curiosity: Is there a time-limit to how much a vendor/...
12
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4answers
5k views

How is it possible that a preauth sticks to a credit card for 30 days, even though the goods have already been delivered?

Disclaimer: This is a question of "How is this technically possible in the banking/credit system", NOT "Why is this happening to me". I bought some blinds off costco.com recently. Let's say they ...
3
votes
2answers
6k views

Is credit card payment authorization safe?

I live in Canada. I took an IELTS test (english test) last month and they wanted me to pay the courier charge by filling a credit card authorization. (because I missed the free delivery) They sent me ...
2
votes
3answers
5k views

Debit card funds on preauthorization hold to paypal: can it be used for another transaction?

I have a sum of money on a prepaid Mastercard debit card which I attempted to use the majority of to make a purchase from a vendor who uses Paypal for their payments. Unfortunately, the vendor ran ...
6
votes
3answers
13k views

Why I can't view my debit card pre-authorized amounts?

I have a Mastercard debit card. When I pay an amount of money, I can see (with more or less delay) how much I've paid, when, in favor of who, etc. Now the question is: why I can't see the pre-...
14
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8answers
60k views

Auto-pay credit card from checking account: Bad idea?

Many credit card companies offer customers to make their payments via automatic direct debit from their checking accounts. Is this potentially a bad idea for cardholders? One thing that concerns me is ...
4
votes
3answers
511 views

Monthly pre-authorized payments/purchases: Use a bank account, or credit card? When/why?

Do you prefer using your bank account or your credit card for your monthly pre-authorized purchases? Are there certain kinds of bills you'd prefer to pay with your bank account or credit card? Why ...
6
votes
3answers
1k views

Help! I've cancelled their service, but this company continues to bill my credit card an annual fee. What can I do?

An alarm company I've long since cancelled continues to bill my credit card, year after year, claiming they never received my emailed cancellation. What is available to me through my bank credit card,...