Mackenzie Click-Mickelson
Chugging along the path of life
- Joined
- Oct 23, 2015
It varies depending on the gas station and their practices and your financial insitution. Because banks can decide in which order things are run you could run into an issue where a hold (even if it was only for a few hours) could cause you to overdraft if things were processed in a certain order and as things nowadays are taken out of your available balance immediately it could happen quicker than it used to be when you could submit a check and have it not clear your bank for a week. I would say they are quicker than they used to be with respects to gasoline.The difference is how the authorizations clear.
Gas station authorizes $75. you pump $53 in gas, system uses the $75 auth to clear the $53 charge same day.
Hotels, the auth can last several days, because the auth is a check in. The auth clears on check out, usually after midnight on the day of check out.
An authorization is like a reservation for your money. The auth at gas pumps, hotels and few other instances like rental cars, is usually higher than the anticipated charge. That often causes a problem for people who think a debit card is just like a credit card.
I agree that it can def. be an issue for those who think a debit card is like a credit card I'm just not sure that's related to Disney and instead related to the person holding the debit card (or credit card for that matter).
I think we're much more likely to have issues with people not knowing what the charge is versus it actually impacting them financially but that's purely my thoughts.