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  1. #1
    ABW Ambassador
    Join Date
    January 17th, 2005
    How much time could pass, till a merchant approves cc payment. Some of my merchant take weeks, some just a few hours. But I think it should only take minutes. What do you think?


  2. #2
    ABW Ambassador FFoc's Avatar
    Join Date
    January 18th, 2005
    thing is, US interstate commerce laws give consumers something like 30 days to refuse a CC payment, and if the merchants pay out in advance of that, they are responsible. So, some merchants handle it with a chargeback situation, while others hold the payment for a month, and don't count it as "accepted" until it's locked..

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  3. #3
    Schlaumeier cumbrowski's Avatar
    Join Date
    January 18th, 2005
    30 Days after the date of the statement and not 30 days after the charge,
    because the average Credit Card Holder does not know about a charge until he gets his statement.

    You can't even challenge a charge BEFORE it's on your Statement. You have to try to contact the merchant first (what is not always possible).

    That increases the timeframe of a possible "challenge" or chargeback by aprox. 20-30 Days.

    as FFoc stated, the Merchant risks to lose money due to chargebacks, if he approves it before. The Money for the inital charge is usually on the Merchants Bank account 1-5 Business Days after the Transaction occurs.

    Online Transaction may take longer because multiple parties are in between:

    Payment Gateway (such as Verisgn or, Processor (Amex, FDMS, Nova etc.), Merchant's Merchant Account (Bank), Merchant's "Final" Bank Account.


    If you can't move things, try harder!

    [This message was edited by Carsten C on July 31, 2003 at 11:59 PM.]

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