1. Credit card pre-authorization is valid for 30 days. If a refund occurs due to the expiration of the validity period, it will generally be refunded to the credit card account within 24 hours.

2. If a special merchant revokes the credit card pre-authorization after settlement, in most cases the payment will be received immediately.

3. If the credit card holder applies to revoke the credit card pre-authorization through other methods, it usually takes 3 to 5 working days for the funds to arrive.

4. If it is a debit card (deposit card), it may take 1 to 2 weeks. You can consult for the specific time.

1. Pre-authorization

1. Pre-authorization refers to the cardholder’s consumption in a hotel, hotel or rental company. Consumption and settlement are not completed at the same time. The special unit pre-authorizes the card through P0S. The card issuer's request for authorization.

2. In layman’s terms, pre-authorization business is a business that first freezes part of the funds in the bank card as a deposit, and then settles according to the actual consumption amount. Whether it is a credit card or a debit card, pre-authorization can be performed. However, a credit card needs to have a sufficient overdraft amount, and a debit card needs to have a sufficient account balance.

3. Pre-authorization transactions are usually divided into POS pre-authorization, POS pre-authorization completion, POS pre-authorization addition, POS pre-authorization completion revocation, etc. Pre-authorization transactions only control the cardholder's available monthly quota. Funds settlement is completed by pre-authorization. An approved pre-authorized transaction is valid for a limited time only.

2. How to cancel credit card pre-authorization?

There are three ways to cancel pre-authorization:

One is that the cardholder swipes the card to check out, cancels the pre-authorization, and deducts the amount. Remove the consumption amount, and the remaining money from the pre-authorization will be returned to the cardholder's credit card;

The second is that the cardholder does nothing, and the pre-authorization will be automatically canceled within a month;

The third method is for the cardholder to proactively contact the bank and apply for cancellation. 3. What should I do if the merchant fails to revoke the pre-authorization?

1. If the merchant has not revoked the customer's credit card pre-authorization after the transaction is completed, the customer can directly call the merchant (such as a hotel) or agency (a website where third parties can book hotels) and request it as soon as possible Go through pre-authorization revocation procedures and ask for the cancellation number as a cancellation voucher.

2. At the same time, when receiving the credit card statement for the month, the cardholder should also check it carefully. If any problems or objections are found, they can immediately contact the credit card center of the card-issuing bank and apply for an adjustment. Check.

3. When making pre-authorized purchases, you must carefully check the signature issued by the POS machine. If it is pre-authorized, it will be clearly marked in the transaction type column. Please confirm before signing; wait until it is canceled or completed. When making related transactions, don’t forget to ask the merchant to cancel or confirm the pre-authorization. If you ignore it, there may be subsequent risks, such as the merchant deducting money from the frozen amount for reasons such as item damage. Therefore, everyone must be cautious when using credit card pre-authorization.

Operating environment: Baifu POS machine P80