🚀 go-pugleaf

On Sat, 6 Jun 2009 17:04:16 UTC, dockyard <foconnor@ns.sympatico.ca> 
wrote:

> The only charge that appears or will appear on the statement or on the
> list of recent transactions is the actual gas charge of say 40.00 but
> if you look at the total of recent transactions and the amount of the
> available credit add them together they don't match your credit limit
> total  .
> I just noticed it because all my charges had posted to my on line
> statement  but i was $100.00 short on available funds .I thought I had
> missed a charge or my hubby had bought something and not given me the
> slip.
>  I called them and was told by the rep there was the $100.00 hold
> charge still on the account . She said it would be removed that night
> at midnight . I checked the next morning and i now had $100.00 more in
> avaible credit . They keep the hold on for 5-7 days she said . it was
> an esso gas pump and I used speed pass . i called esso first and they
> said it was the CC company that puts the hold on the funds

Five to seven days seems to be a long period of time for that. I bought 
gas Sunday at an Esso station and used my debit card at the "express" 
pump. The screen told me I was pre-authorized for up to $100, but I only
bought 25 dollars worth of gas. When I checked my account the next 
morning, it showed the $25 transaction and there was no "hold" on any 
funds. 

I wonder if the hold on your account remained for several days because 
the service station didn't close the batch of debit/credit card 
transactions on a daily basis. When we process a debit/credit card 
transaction, the funds for the customer's purchase are "put on hold" to 
cover that transaction. When we close the batch, the funds are 
transferred from the customer's account to our account that night. If we
only closed the batch once a week, the customers' funds could be on hold
for up to a week until we closed the batch. 

gwh