How long will the hotel credit card pre-authorization take?

Hotel credit card pre-authorization can be refunded within 30 days. If the cardholder pays in cash when leaving the store, the merchant will cancel the transaction with the pre-authorization, and the card issuer will immediately unfreeze the pre-authorization amount. If the merchant does not cancel the pre-authorization transaction, it will be automatically unfrozen from the pre-authorization trading day on 3 1 day.

The advantage of pre-authorization is that it can avoid the phenomenon of running orders as much as possible If the guest leaves the hotel without checking out after completing the pre-authorization, the hotel can apply to UnionPay for completing the pre-authorization, and provide the guest consumption documents and pre-authorization documents. So UnionPay can transfer money from the traveler's card to the hotel account. At the same time, we also know that credit card pre-authorization is a new transaction method and a prepayment method, 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 completing the consumption, the merchant can officially deduct this part of the funds after the cardholder signs and confirms. However, if the consumer fails to confirm the pre-authorization in time, the merchant can apply to UnionPay for the completion of the pre-authorization before the bank can transfer the funds to the merchant's account.