🚀 go-pugleaf

On Jun 6, 7:20 pm, "Wayne Hines" <w.d.hi...@nospam.ns.sympatico.ca>
wrote:
> On Sat, 6 Jun 2009 17:04:16 UTC, dockyard <focon...@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

That makes sense and i bet esso is not closing batches daily