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micky micky is offline
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Default OT credit card holds by rentacar companies

In alt.home.repair, on Wed, 18 Sep 2019 00:32:11 -0400, Clare Snyder
wrote:

On Tue, 17 Sep 2019 23:39:00 -0400, micky
wrote:

In alt.home.repair, on Tue, 17 Sep 2019 21:17:39 -0400, Ed Pawlowski
wrote:

On 9/17/2019 4:38 PM, micky wrote:
OT When a merchant, such as a rentacar company, puts a hold on one's
money and doesn't end the hold for a month or more,

a) Does the merchant actually have the money, or is it only reserved for
him at your credit card company?

They do not have the money until the actual charge is made. It just
assures them they can get it when needed.

Don't really know the rest you asked.


The first part was the most important. Thanks, and thanks hub.


Didn't we go through all this a couple years back with Micky?


Maybe b and c but I don't think section a was asked before. Could be,
however. Not sure. There was a recent post in another forum, someone
claiming they must have been using his money or why wouldn't they have
ended the hold. Before I replied, I wanted another opinion, and Ed
agreed with what I was thinking.