🚀 go-pugleaf

"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-).

It is. I see it on StGeorge internet banking with credit card purchases.

Can be handy to see when the merchant
has had the transaction authorised.

> 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.

There is no legal requirement for either, its
just something that the better merchants do.