🚀 go-pugleaf

I would say it is actually how Visa and MasterCard work. When a merchant 
first swipt your card, it electromically notifies the issuing bank (The 
bank which issues you the card) that a transaction is to be effected. If 
you call the card centre now, the transaction will appear in the CS 
screen but not necessarily in your statement. Then a few days later, a 
merchant returned the slip, supposedly signed by you, to the card 
centre, and then fund is changed hand between the bank and the merchant, 
and the transaction will definitely come out on your statement.

news-server wrote:
> This is often how hotels etc work...
> 
> they 'pre-swipe' the card for the approximate amount when you check in - to
> get a guarantee from the card issuer.
> Then when you check out - they will re-swipe (unless it is stored in their
> customer info DB (not good!) for the final amount due.
> 
> 
> "Phred" <ppnerkDELETETHIS@yahoo.com> wrote in message
> news:btmeu9$8tm2f$7@ID-151056.news.uni-berlin.de...
> 
>>In article <og6svv8455bkafqfadk3unjjko031ut7lv@4ax.com>, TEO
> 
> <nospam@nospam.com> wrote:
> 
>>>On Thu, 08 Jan 2004 08:19:22 -0500, Jack Mac <camkcaj@bellsouth.net>
> 
> wrote:
> 
>>>[snip]
>>>
>>>>A few weeks ago I ordered a Dell Desktop and a Dell Laptop at the same
> 
> time.
> 
>>>>They charged my credit card for each when they shipped. The Desktop
> 
> first
> 
>>>>and the Laptop about a week later. I think they state that in their
> 
> policy on
> 
>>>>their WEB page.
>>>
>>>       Authorization and actual posting of a transaction are
>>>completely different. On Credit Cards authorization simply removes the
>>>amount of money in question from your available credit. No interest is
>>>charged on this amount until it posts to the account. Generally, Dell
>>>likes to authorize the full amount and then post the transaction
>>>before the authorization falls off. This helps to prevent people
>>>buying computers, Dell building them, person wracking up charges on
>>>their CC and then Dell trying to post the transaction again, only to
>>>fail and have a custom built PC lying around.
>>
>>Interesting.  I can see Dell's POV, but I'm not aware that this sort
>>of "hold" thing is available in Oz (which is not to say it isn't 8-).
>>
>>Here, I've always understood the generally accepted financial
>>protocols to be (not restricted to dell.com.au):
>>
>>1. Payment by cheque -- they present the cheque on receipt, even
>>though there may be a delay in supplying the goods.
>>
>>2. Payment by CC -- they do NOT charge the card until the goods are
>>despatched.
>>
>>
>>Cheers, Phred.
>>
>>-- 
>>ppnerkDELETE@THISyahoo.com.INVALID
>>
> 
> 
>