Quote:
Originally Posted by TylerBang
It means that transactions are still clearing and haven't settled yet.
When you (I) use my visa at a gas station for example, the gas station places a 30-50.00 hold on it as a deposit, until 30 days (or sooner) the real amount is cleared and the hold is released.
Happens on many retail sale transactions. Imagine the number of epass VV transactions taking place this month and the number of holds/clears?
This is no big mystery and doesn't require a conspiracy.
On the other hand, I'm not saying that this is truthful reason for the delay, only that it is A REASON that he is giving us.
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I bought 2 new vid cards on the 1st (maybe 2nd) the transactions showed up double (so the merchant pre-authd I guess and then sent in the full amount.
So it hit my account twice, happens rarely but takes 30 days to be removed, once the first pending charge isn't posted they drop it. So that would be 30 days for any pendings to show up and be cleared.