Do certain merchants place a hold on available value on the Gift Card in excess of the actual transaction amount?
Some retail establishments (such as hotels, car rental companies, restaurants, or gas stations) may initiate electronic notices seeking validation of the Gift Card or approval of the anticipated purchase amount, or both. Such anticipated purchase amount may exceed the amount of the actual purchase transaction. The Bank may place a hold against the Card value for the anticipated purchase amount. This hold may remain in effect from the time the notice is received from the retail establishment up to the time the merchant draft or other item is presented to the Bank.
Related Questions
- Are there any additional transaction charges to my business when Viro Members use their Viro Visa Prepaid Card or Viro Gift Card at my business?
- Do certain merchants place a hold on available value on the Gift Card in excess of the actual transaction amount?
- Is the cash value award a statement credit or an actual gift card?
