Thread: Classic Credit Card charged?
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Old 11-07-2009, 01:49 PM   #11
user_none
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Join Date: Jan 2009
Location: Florida, USA
Device: Nook STR
Quote:
Originally Posted by kezza View Post
For the record, my credit card has not been charged for my pre-order.
It is up to the financial institution if they want to deduct an authorization hold from your available balance. It is also at their discretion whether they will show you any authorization holds.

Quote:
Originally Posted by coolbreeze
Maybe we're splitting hairs, but this "authorization" will cause you to overdraft (that is, if you roll with a low balance). So it's just as bad as a charge.
Be a where how your financial institution handles things of this nature. There the ones who decided if they want to deduct authorization holds from your balance and charge you overdraft fees.

Quote:
Originally Posted by coolbreeze
Moreover, what good is an "authorization" that proves you currently have $274 in your bank account? 39 days from now, you will have a very different amount. Doesn't make sense for the system to say "hmm, they have $274 in the account now. Check. Seven days from now, we'll reverse this charge then charge them again in over 30 days. Hopefully the funds are there then..."

Maybe I'm too logical?
The chances of you having the money now and having it 39 days from now are very good. Mainly they want to see if you have the money now, because if you don't they will cancel your pre-order instead of holding the device when there is a good chance you still won't have the money when the product ships (which could change to tomorrow). Also, B&N is not reversing anything, your financial institution decides when authorization holds expire.
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