Yes, like when you check into a hotel and they "authorize" your card for incidentals. Or when a gas station does an authorization before you get gas. The company is basically checking to see if you have the funds available and "holding" them so to speak. But in the hotel example, when you check out of the hotel and have no charges, they would reverse the pending charge and release it. These do not appear on a billing statement (which is why I think 1026.13 does not apply) and there is no liability YET (which is why I think 1026.12(b) does not apply). But they do eat up your available credit while they are pending.
Last edited by Working From Home; 07/09/20 05:50 PM.