What are outstanding authorizations?
When you present your card or credit card number to a merchant for payment, an authorization is created. Until the vendor submits the transaction to the Issuer for posting, your authorization is considered outstanding. When the Issuer receives the transaction from the merchant, it is posted to your account, subtracted from your outstanding authorization balance and added to your current balance.
When you present your card or credit card number to a merchant for payment, an authorization is created. This authorization is considered outstanding until the merchant submits the transaction to the bank for posting. When the bank receives the transaction from the merchant, it is posted to your account, subtracted from your outstanding authorization balance, and added to your current credit card balance.
