Is it a credit card pre-authorization?

Credit card pre-authorization

Credit card pre-authorization is a transaction in which the card issuer or its agency confirms the permission to freeze the amount before deducting the money from the special merchant. The pre-authorization will occupy the card's credit limit and will be canceled when the customer settles the pre-authorization. If the customer does not make settlement within 30 days after the pre-authorization occurs, the pre-authorization will be cancelled.

To put it simply: Credit card pre-authorization means that the merchant freezes a part of the funds before the cardholder spends money. After the cardholder signs the payment, the merchant can officially deduct this part of the funds. For example, if you go to stay at a hotel, first tell the hotel how many days you want to stay, and the hotel will freeze the charges for these days from your credit card. When you check out and leave the hotel, you sign and confirm, and the hotel will receive this part. payment. The reason for this is to ensure that the cardholder's credit card has enough money for current consumption.