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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.
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.