Understanding Failed Orders and Temporary Fund Withdrawal
When placing orders online, it is possible for an order to fail even though the funds have been temporarily withdrawn from your account.
Order Failure and Fund Reversal: In the event of a failed order, it is important to note that the funds do not reach the vendor. Instead, they remain temporarily withdrawn from your cardholder account. Although the money will be reverted back to your account, the timing of the reversal may vary and is not always immediate. To ensure accurate information, we recommend contacting your bank for specific details regarding their fund reversal process.
Pre-Authorization Hold: In some cases, your bank statement may display a pre-authorization hold when an order fails. This hold indicates that the funds are still on hold in your bank account but will be released back to you. It is a standard practice implemented by financial institutions to ensure sufficient funds are available for authorized transactions. For more in-depth information on pre-authorization holds, you can refer to this
Wikipedia page.
Confirming the Reversal: If you have concerns or doubts about the status of a failed order and the associated fund reversal, we strongly recommend contacting your bank directly. They can provide you with accurate information about their specific processes and timelines for fund reversals.
Conclusion: Understanding the process of failed orders and temporary fund withdrawal is important for online shoppers. While the funds are temporarily held when an order fails, they will eventually be returned to your account. If you have any further questions or need assistance, feel free to reach out to our
customer support team, and we will be happy to help.
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