Tuesday, 24 February 2015

Why do gas stations take fifty dollars out each time no matter how much gas you pay for?

Why do gas stations take fifty dollars out each time no matter how much gas you pay for?
They dont actually take the money out. Its whats called a preauthorization. The gas station uses it to make sure that you have at least 50.00 in your checking account or availablity on your credit card. The preauthorization usually drops off your account the same business day as your purchase, and the actual charge will clear your account. Most businesses reverse the charge that day as well making it unnoticable to your funds availabity in your account.

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