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Old 04-22-2012, 09:08 AM  
Nissim-Payoneer
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When making an online purchase with a credit/debit card, the transaction is first "pre-authorized" by the merchant, and then reviewed to be approved/declined. The entire process takes only a few seconds.

In some cases, if the charge is pre-authorized but later declined, it may result in a pending pre-authorization charge. It's basically a hold on funds; meaning the funds never leave your account but are "frozen" until the pre-authorization charge expires.

Generally, pre-authorization charges are given an expiration date of up to 7 business days, though it depends on the merchant.
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