Hi peeps,
Wondering if anyone can tell me what will happen in this scenario?
I’ve made a £100 pre-authorisation with a company that has been taken/ reserved fine from my account. But I’ve now had to cancel the card that I used to make that pre-authorisation with.
Can the company still take the payment? If they don’t take the payment, are they still able to release the funds back to me?
Thanks.
I’m not sure but I think it’ll depend on their process.
If they just claim the pending transaction I think it will be fine. If they instead cancel it and try to charge you again a second time, I think it will decline.
Yes to both.
The merchant can still use those funds, and refund/release it, or refund the difference in cost if they need to, as you’ve already authorised and given permission for them to do so.