Traditional Culture Encyclopedia - Hotel accommodation - How long will the pre-authorization of WeChat be cancelled automatically?

How long will the pre-authorization of WeChat be cancelled automatically?

Wechat pre-authorization is generally automatically revoked in about one month.

Pre-authorization refers to the behavior that the cardholder requests authorization from the card issuer in advance through the POS machine when spending and settlement are not completed at the same time in hotels, hotels or leasing companies.

Pre-authorization business refers to the business that a special merchant obtains a payment commitment that does not exceed a certain proportion of the pre-authorization amount from the card issuer within 30 days, and the card issuer accepts the goods or services after the cardholder obtains them.

Transaction:

Pre-authorization transactions are divided into POS pre-authorization, POS pre-authorization addition, POS pre-authorization completion, POS pre-authorization cancellation and POS pre-authorization completion cancellation.

Pre-authorization transaction is used to accept the transaction permission of the card issuer to the cardholder. The accepting party sends the estimated consumption to the card issuer in the transaction response, and the amount is sent to the cardholder (card) as the pre-authorized amount. After the card issuer has passed the examination, it will put the authorization number and other information into the transaction response and send it to the accepting party.

Pre-authorization transaction only controls the number of months available to the cardholder. Complete fund settlement through pre-authorization. The approved pre-authorization transaction is only valid for a limited time.