What is a temporary authorization of funds?

by Community Manager Community Manager ‎05-15-2017 11:10 AM - edited ‎05-18-2017 03:43 PM (41 Views)

Question

What is a temporary authorization of funds?

Answer

When placing an order with Crucial.com your card statement could show two entries. One entry is a temporary authorization of funds ((preauthorization charge)) for verification that there is a sufficient balance available to cover the charge, and the second entry is for the final sale.  Temporary authorization transactions do not necessarily reflect the final transaction amount. Once the transaction is settled the amount will be correct. The authorization entry may appear on your card statement as a temporary hold for a duration of time governed by your card issuer’s standard practices until the final sale posts. Please contact your card issuer if you have questions regarding how they handle authorizations and subsequent charges for online transactions.

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