Quote:
Originally Posted by Elfwreck
B&N should not be putting a hold on money they're not going to collect for over a month, for a product they're not going to supply for over a month.
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An authorization hold is simply a way to see if funds are available. Typically if funds are available now they will be avaliable at a later time (when they go to collect payment).
Quote:
Originally Posted by Elfwreck
They are potentially liable for interest for all the money they held in escrow for a product they didn't provide. Along with the potential of fraud charges, depending on how they phrased their promises to provide the item.
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No they are not. It is your bank that determines the length funds for an authorization hold are unavailable to you. Or if they even make the funds unavailable to you. As kezza said this should not be more than 5 days. Ask your bank how long theirs last.
Quote:
Originally Posted by Elfwreck
This being a seriously unwanted side-effect of taking payments too early, most places don't process those payments until they're *certain* they're ready to ship. Many don't process the payment until the shipping label has been printed.
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No this is a side-effect of B&N using the full amount of the Nook for the authorization hold. Normally $1 is used to see if the card is usable. Though I can see how they would want to determine the chances of you paying beforehand since they no doubt plan to have more people ordering it than they have units. This way they can say auth hold failed we are canceling your pre-order.