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  #328  
Old December 8th 04, 12:10 PM
Ron Natalie
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Morgans wrote:
saction

amount known yet just to make sure there will be enough funds available.
Examples are pay-at-the-gas-pump transactions (usually $50 is


preauthorized

before you start pumping),


Actually, that's WRONG. What they usually do is put through a $1
preauthorization. The $50 limit they put on the pumping is a number
that the point of sale determines is the max they will do based on that
$1 preauth.