Yeah when you submit a card transaction you can do one of three types:
1) PAYMENT - Takes the money there and then
2) DEFERRED - Also known as SHADOW, reserves the money on your account for some period of time
3) AUTHORIZE - Checks the amount is available at that point in time but doesn't take payment or reserve funds
If not promptly either PAID or CANCELLED by the merchant then deferred transactions can hang around on your account for some time. It IS reserved, you can't spend it while it remains. Typical use is ordering on-line from a merchant who doesn't hold stock and doesn't want to take payment until goods are shipped, but does want to make sure funds are reserved for them.
But I wasn't aware the pumps used these, is that just foreign transactions or UK pumps too? Is it definitely DEFERRED not just AUTHENTICATE?
I can see how with regular fill-ups and a small tank compared to the £100 reserved that could quickly max out a card's "available funds".
Andy
1) PAYMENT - Takes the money there and then
2) DEFERRED - Also known as SHADOW, reserves the money on your account for some period of time
3) AUTHORIZE - Checks the amount is available at that point in time but doesn't take payment or reserve funds
If not promptly either PAID or CANCELLED by the merchant then deferred transactions can hang around on your account for some time. It IS reserved, you can't spend it while it remains. Typical use is ordering on-line from a merchant who doesn't hold stock and doesn't want to take payment until goods are shipped, but does want to make sure funds are reserved for them.
But I wasn't aware the pumps used these, is that just foreign transactions or UK pumps too? Is it definitely DEFERRED not just AUTHENTICATE?
I can see how with regular fill-ups and a small tank compared to the £100 reserved that could quickly max out a card's "available funds".
Andy