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What is an outstanding authorisation?

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What is an outstanding authorisation?

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An outstanding authorisation is when the estimated value of a purchase (eg Hotel stay) has been held for a period of days to allow the merchant to process the transaction. An outstanding authorisation reduces the cardholder’s available credit, but not the balance owing on the card.

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An Outstanding Authorisation, or Pending Transaction, is a temporary charge held against your account (your available credit) relating to the transaction (purchase) you have made with pricebustergolf.co.uk using your credit/debit card, which has been authorised for payment, but has not yet reached your account. An Outstanding Authorisation will either turn into a finalised transaction (purchase) or will be removed automatically by the bank within 5 to 7 days, such as will happen if you cancel an order shortly after purchase and before we have processed and debited your order. If you have been asked to re-order following an AVC fail then a second authorisation for the same amount will appear on your account. However, only the second transaction will be debited by us, with the first authorisation disappearing automatically from your account as stated above.

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A. An outstanding authorisation is when the estimated value of a purchase (eg car rental) is being held for a period of several days to allow the merchant to process the transaction. It is also used as a security measure for transactions such as hotel accommodation, without being charged to the account. An outstanding authorisation reduces the cardholder’s available credit, but does not effect the balance owing on the card.

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This is when the estimated value of a purchase for example, a hotel stay, that has been held for a period of days to allow the merchant to process the transaction. An outstanding authorisation reduces the cardholder’s available credit, but not the balance owing on the Card.

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An outstanding authorisation occurs when you make a purchase with your NAB credit card or NAB Visa Debit card by pressing ‘credit’ or by quoting your 16 digit card number over the phone or online.

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