Transaction Holds, sometimes referred to as authorization holds or card pre-authorizations, are temporary deductions from your Torpago card account. They typically occur when you use your card for certain types of transactions, such as renting a car or booking a hotel room.
When you make one of these transactions, the merchant may place a hold on your card for an amount greater than the actual purchase price. This hold ensures the funds will be available when the final transaction is processed. For example, when you rent a car, the rental company might place a hold on your card for the estimated rental amount plus a security deposit.
Transaction holds can vary in duration and amount depending on the merchant and the type of transaction. Once the transaction with the merchant is completed, the hold is typically released, and the final purchase amount is deducted from your account.
You can also refer to the following article for detailed information on the timelines:
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