Article View: hfx.general
Article #139654Re: Hold on Funds in account
From: Peter
Date: Sat, 06 Jun 2009 21:28
Date: Sat, 06 Jun 2009 21:28
32 lines
2643 bytes
2643 bytes
"Rick Walker" <RW@WR.com> wrote in message news:4a2ab0ad$0$23766$9a566e8b@news.aliant.net... > > "Picasso" wrote: > >> its not interest... they don't charge you $100 for a $1 purchase of >> fuel... >> >> i think what the OP is talking about is the authorization amount... >> >> Same thing when you rent a car... they ask for a CC, and they will do a >> pre-auth for $1000 on the card (or at least i've seen it happen not all >> places)... you aren't paying interest on it. its a pre auth for a >> specific amount. > > Whether or not you pay "interest" per se, it's still money that you can't > use. It's credit, not money > Whoever's "holding" that money for the 5 - 7 day span can use it for > whatever they wish. They can't use it for whatever they wish > If 100 people had $100 dollars being "held" for a week, that's $10,000 > bucks some institution has access to, be it for a short-term investment or > whatever they wish. They don't actualy *have* the money OR credit. Pre authorization does not transfer any money to the company who pre authorized it.
Technical Details
Message-ID:
<sM-dnRBy5qsdQrfXnZ2dnUVZ_jOdnZ2d@giganews.com>Path:
arc1-ca.pugleaf.net!g2news2.google.com!news1.google.com!border1.nntp.dca.giganews.com!border2.nntp.dca.giganews.com!nntp.giganews.com!backlog2.nntp.dca.giganews.com!news.giganews.com.POSTED!not-for-mailReferences:
<10fc58c7-bdc4-4a03-983f-0f01c437a854@e20g2000vbc.googlegroups.com> <4a2a6613$0$23781$9a566e8b@news.aliant.net> <4a2a9fba$0$23773$9a566e8b@news.aliant.net> <4a2ab0ad$0$23766$9a566e8b@news.aliant.net>Show Full Headers
Complete Article Headers
X-Google-Thread: 48560ea9d0,d485aff7b7968880 X-Google-Attributes: gid48560ea9d0,public,usenet X-Google-NewGroupId: yes X-Google-Language: ENGLISH,ASCII-7-bit Path: arc1-ca.pugleaf.net!g2news2.google.com!news1.google.com!border1.nntp.dca.giganews.com!border2.nntp.dca.giganews.com!nntp.giganews.com!backlog2.nntp.dca.giganews.com!news.giganews.com.POSTED!not-for-mail NNTP-Posting-Date: Sat, 06 Jun 2009 16:28:32 -0500 From: "Peter" <no@email.com> Newsgroups: hfx.general References: <10fc58c7-bdc4-4a03-983f-0f01c437a854@e20g2000vbc.googlegroups.com> <4a2a6613$0$23781$9a566e8b@news.aliant.net> <4a2a9fba$0$23773$9a566e8b@news.aliant.net> <4a2ab0ad$0$23766$9a566e8b@news.aliant.net> Subject: Re: Hold on Funds in account Date: Sat, 6 Jun 2009 17:28:20 -0400 X-Priority: 3 X-MSMail-Priority: Normal X-Newsreader: Microsoft Outlook Express 6.00.2900.5512 X-MIMEOLE: Produced By Microsoft MimeOLE V6.00.2900.5579 X-RFC2646: Format=Flowed; Response Message-ID: <sM-dnRBy5qsdQrfXnZ2dnUVZ_jOdnZ2d@giganews.com> Lines: 36 X-Usenet-Provider: http://www.giganews.com X-Trace: sv3-yllyyMN9vtT9ifiZp3FPWdXxw3S9BCN4hvJzfGxFhShW0QNXdN08sKTWM3JSmt/wI3nmmwOpFQePVRI!G01TN8arfpg5l8+N7nCMqDozKxQnAn2MQIQTQq/P6IdpxJ75ZGr3Jw6DxbJ08SBB4mjcERYOqJp3 X-Complaints-To: abuse@giganews.com X-DMCA-Notifications: http://www.giganews.com/info/dmca.html X-Abuse-and-DMCA-Info: Please be sure to forward a copy of ALL headers X-Abuse-and-DMCA-Info: Otherwise we will be unable to process your complaint properly X-Postfilter: 1.3.39 X-Original-Bytes: 2397