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The Watercooler
Gas Station / Bank HOLDS
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<blockquote data-quote="susiestar" data-source="post: 176346" data-attributes="member: 1233"><p>I used to work installing credit card machines and training merchants to use them. (please don't hit me!)</p><p> </p><p>Think about when you pump gas and pay at the pump. You put the card in before you pump. The card has to be authorized before you can fill up. How can the pump know what kind of car you drive and how much it holds? So a hold is put on the card for an amount that many people use.</p><p> </p><p>I am NOT saying it is right, just that this is their reasoning. </p><p> </p><p>Restaurants with the "tip line" where you can add a tip also authorize and HOLD more than the amount of purchase - often a much larger &#37; than the 15%-20% that is a standard tip.</p><p> </p><p>Bars are the worst. If you start a tab at a bar it will put a hold on the account, often upwards of $100!!! And that hold is there for 2 weeks or more - LONG after the purchase has cleared.</p><p> </p><p>husband and I bargained with our bank to have these holds NOT generate overdraft charges unless the amt of purchase comes through for the amount. It is a benefit of using a small town credit union I guess.</p></blockquote><p></p>
[QUOTE="susiestar, post: 176346, member: 1233"] I used to work installing credit card machines and training merchants to use them. (please don't hit me!) Think about when you pump gas and pay at the pump. You put the card in before you pump. The card has to be authorized before you can fill up. How can the pump know what kind of car you drive and how much it holds? So a hold is put on the card for an amount that many people use. I am NOT saying it is right, just that this is their reasoning. Restaurants with the "tip line" where you can add a tip also authorize and HOLD more than the amount of purchase - often a much larger % than the 15%-20% that is a standard tip. Bars are the worst. If you start a tab at a bar it will put a hold on the account, often upwards of $100!!! And that hold is there for 2 weeks or more - LONG after the purchase has cleared. husband and I bargained with our bank to have these holds NOT generate overdraft charges unless the amt of purchase comes through for the amount. It is a benefit of using a small town credit union I guess. [/QUOTE]
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