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Common questions for credit and debit card pre-authorization

Intuit Help
Intuit

Common questions for credit and debit card pre-authorization

Authorization hold (also card authorization, pre-authorization, or pre-auth) is the practice within the banking industry of authorizing electronic transactions done with a debit card or credit card and holding this balance as unavailable either until the merchant clears the transaction (also called settlement), or the hold falls off. In the case of debit cards, authorization holds can fall off the account (thus rendering the balance available again) anywhere from 1-10 days after the transaction date depending on the bank's policy. In the case of credit cards, holds may last as long as 30 days depending on the issuing bank. Please direct any questions regarding daily limits to your financial institution.

  • Intuit's Accounting Professionals Division pre-authorizes customer credit/debit cards for the individual customer's product purchase amount.
  • If pre-purchasing before the planned release date, the credit/debit cards are pre-authorized when you initially order.
  • The pre-authorization helps to insure the credit/debit card provided for future payment will indeed be able to accept the charge.
  • This depends on your individual credit/debit card. Please contact your financial institution for more details.
  • This depends on your credit/debit card company. We are unable to remove pre-authorizations.
  • We have been pre-authorizing credit and debit cards for multiple years. Since the popularity of debit cards has increased, and are tied directly to a checking/savings account rather than a credit account, this has increased the number of questions that have been raised regarding this practice.

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