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The Water Cooler
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Beware TargetSportsUSA.com
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<blockquote data-quote="Quick_Draw_McGraw" data-source="post: 2044951" data-attributes="member: 3286"><p>In the credit card industry there are two types of actions that an e-commerce type business can make when they have your credit card data.</p><p></p><p>Authorizations - This action is basically when the merchant goes through the credit card network and asks the financial institution that issued you your card, if your card has enough money on it for the charge it wants to send to it.</p><p></p><p>Capture - This action is where the merchant actually send the request to have money transferred from the financial institution that issued you your card to them.</p><p></p><p>So it's not an uncommon business practice at all. This happens every day to most people, but most people don't ever pay much attention to all the "pending" charges that show up in their daily online credit card statement.</p><p></p><p>For those that want to nerd out, you can read all about it here <a href="http://www.paymentsgateway.com.au/what-you-need-to-know/payments-gateway-authorization-and-capture" target="_blank">http://www.paymentsgateway.com.au/what-you-need-to-know/payments-gateway-authorization-and-capture</a></p></blockquote><p></p>
[QUOTE="Quick_Draw_McGraw, post: 2044951, member: 3286"] In the credit card industry there are two types of actions that an e-commerce type business can make when they have your credit card data. Authorizations - This action is basically when the merchant goes through the credit card network and asks the financial institution that issued you your card, if your card has enough money on it for the charge it wants to send to it. Capture - This action is where the merchant actually send the request to have money transferred from the financial institution that issued you your card to them. So it's not an uncommon business practice at all. This happens every day to most people, but most people don't ever pay much attention to all the "pending" charges that show up in their daily online credit card statement. For those that want to nerd out, you can read all about it here [URL="http://www.paymentsgateway.com.au/what-you-need-to-know/payments-gateway-authorization-and-capture"]http://www.paymentsgateway.com.au/what-you-need-to-know/payments-gateway-authorization-and-capture[/URL] [/QUOTE]
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