What is an outstanding authorisation?
A. An outstanding authorisation is when the estimated value of a purchase (eg Hotel stay) has been held for a period of up to an estimated six days to allow the merchant to process the transaction. It can also be used as a security measure for transactions such as Hotel Stay or Car Rental. In this case, after the six days the amount drops off the system. This would reduce the cardholder’s available credit, but not the balance owing on the card.
An outstanding authorisation is when the estimated value of a purchase (eg. Hotel stay) has been held for a period of up to an estimated six days to allow the merchant to process the transaction. It can also be used as a security measure for transactions such as Hotel Stay or Car Rental. In this case, after the six days the amount drops off the system. Whilst the authorisation is in place your avaliable credit balance is reduced by that amount, but not the balance owing on the card.
An outstanding authorisation is when the estimated value of a purchase (eg hotel stay) has been held for a period of up to an estimated six days to allow the merchant to process the transaction. It can also be used as a security measure for transactions such as hotel stay or car rental. In this case, after the six days the amount drops off the system. This would reduce the cardholder’s available credit, but not the balance owing on the card.
