An authorization hold is a temporary hold on funds in your Ferry Payroll Account that ensures sufficient funds are available until the merchant processes the final charge.
How It Works
- When you make a purchase, the merchant places a hold on the amount.
- The hold reduces your available balance but is not yet a final charge.
- Once the merchant processes the transaction, the hold is either converted to a charge or removed if the payment is not completed.
Common Reasons for Holds
- Gas Stations: May hold a set amount before finalizing the actual purchase.
- Hotels & Car Rentals: Often place holds for incidentals, which can last until checkout.
- Restaurants: May hold the bill amount before processing the final total with a tip.
- Online Subscriptions: Some services place small holds to verify your card.
Authorization Hold Timeline
Most holds are released within 1–7 business days, but some can take up to 30 days, before the charge will be posted or returned.