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Explain to me “pending transactions”

tag
NoMoreE46
Community Leader
Senior Contributor

Explain to me “pending transactions”

Please explain the reason/logic for “pending transactions.”

 

Is the 'pending' part from the vendor-  let's say Home Depot?

Does HomeDepot hold all of its card payment transactions and  then transmits/requests on only certain days of the week?


Or 
is the pending due to the amount being released by the credit card company  (say Capital One) to HomeDepot's bank?

 

I know this may get more technical but thought I get some insight here.

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1 REPLY 1
blindambition
Senior Contributor

Re: Explain to me “pending transactions”

Pending transactions are either preauthorized transactions which confirm funds are on card. They are Also actual transactions not completed. Transactions usually complete to posted within a few days. Slow posts happen by vendor, as well as card issuer.

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