Traditional Culture Encyclopedia - Hotel franchise - You need a credit card to book a foreign hotel. What if there is no credit card?
You need a credit card to book a foreign hotel. What if there is no credit card?
Credit card booking hotel pre-authorization related:
Credit card pre-authorization refers to the transaction in which the card issuer or its agent confirms the amount of the license freeze before the deduction of the special merchant;
Pre-authorization will occupy the credit limit of the card. When the customer settles the pre-authorization, the pre-authorization will be cancelled.
Within 30 days of pre-authorization, if the customer fails to settle the account, the pre-authorization will be cancelled;
Generally speaking, it is a way of advance payment, which can be understood as "deposit". When consumers book hotels or air tickets with credit cards, banks will first freeze part of the funds in the credit cards as a "margin" for merchants' consumption. After the consumption is completed, the merchant can officially deduct this part of the funds after the cardholder signs and confirms.
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