When will my credit card be charged?Updated 10 months ago
Your credit card is authorized when you place your order, and will be charged when your order ships.
Credit Card Authorization:
What it is: It is a temporary hold on a specific amount of money on your credit card.
Example: When you book a hotel room, the hotel might put an authorization hold of $100 on your card. This means you cannot use that $100, but the hotel has not taken the money yet.
Purpose: It checks if you have enough credit to pay and reserves the amount.
Duration: Usually lasts a few days. If not used, the hold will be released.
Credit Card Charge:
What it is: It is the actual transfer of money from your credit card to pay for something.
Example: When you buy groceries for $50, the store charges your card. This means $50 is taken from your available credit.
Purpose: It pays for goods or services you have received.
Duration: Permanent. The money is taken from your credit until you pay your credit card bill.
Key Differences:
Authorization: Temporary hold, not actual payment.
Charge: Actual payment, money is taken.
In Summary:
Authorization is like holding a spot in line.
Charge is like buying the item.