What is the difference between a “pending transaction” and a “posted transaction”?
Pending transactions are authorized transactions with a hold on your balance for the purchase amount until the transaction clears your account. Posted transactions are purchases that have cleared on your card and funds have been removed to pay the merchant. There are some pending transactions that are more or less than the amount you have actually spent. This is because some merchants place a pre-authorization amount on your card to ensure the account is active and that you have enough money to cover the purchase. In some cases, such as restaurants, you are charged a percentage higher (typically 20%) than the amount of the transaction in case you pay a tip on your card. Once the transaction posts to your account, the pending transaction will be removed, generally within a few business days.
Pending transactions are authorized transactions with a hold on your balance for the purchase amount until the transaction clears your account. Posted transactions are purchases that have cleared on your card and funds have been removed to pay the merchant. There are some pending transactions that are more or less than the amount you have actually spent. This is because some merchants place a pre-authorization amount on your card to ensure the account is active and that you have enough money to cover the purchase. In some cases, such as restaurants, you are charged an amount that is more (typically 15% more) than the amount of the transaction in case you pay a tip on your card. Once the transaction posts to your account, the pending transaction will be removed, generally within a few business days. Merchants such as car rental companies, hotels, restaurants, and airlines place pre-authorizations on your card that will impact the amount of funds available for purchases.
Pending transactions are authorized transactions, and a hold is placed for the purchase amount on your card. Posted transactions are purchases that have cleared on your card and the funds have been removed. There are some pending transactions that are more or less than the amount you have actually spent. This is because some retailers that place a pre-authorization amount on your card for more or less than the total of the purchase. For example, gas stations make a pre-authorization for a smaller amount, such as $1.00 to ensure the account is active. Once you have completed your purchase an actual authorization is sent in the amount of your purchase. Restaurants, however, will typically send a pre-authorization amount for 20% higher than the total of your bill to ensure you have enough money on your card to cover the tip that you authorize.
Pending transactions are authorized transactions, and a hold is placed for the authorized amount on your card. Posted transactions are purchases that have cleared on your card and the funds have been removed. There are some pending transactions that are more or less than the amount you have actually spent. This is because certain kinds of merchants in specified situations are permitted to request authorization for a card transaction in an amount different from the amount of the actual transaction. For example, certain merchants may request authorization for the estimated amount of a transaction, and others such as restaurants may request authorization for an amount up to 20% over the amount of the actual bill in order to cover an anticipated tip. Pending transactions will clear when the actual transaction is posted to your account or within three days, whichever is sooner.
• Pending transactions are authorized transactions with a hold on your balance for the purchase amount until the transaction clears your account. Posted transactions are purchases that have cleared on your card and funds have been removed to pay the merchant. There are some pending transactions that are more or less than the amount you have actually spent. This is because some retailers place a pre-authorization amount on your card to ensure the account is active and that you have enough money to cover the purchase. In some cases, such as restaurants, you are charged a percentage higher (typically 15%) than the amount of the transaction in case you pay a tip on your card. Once the transaction posts to your account, the pending transaction will be removed within a few business days, and you may use the funds again.
