Visa - "Held" funds are stolen funds
1 comment
Companies who issue these cards should NOT have the right to hold funds due to a failed gas pump transaction and, then, take WEEKS to return the held funds to the consumer. Consumers must be tenacious and call the card company over and over to request release of the "held" funds.
Many do not even understand what happened to the funds since NO explanation whatsoever is provided.
Most consumers eventually give up out of confusion, and I am sure the card companies reap huge financial benefits from "held" funds that are never released back to the card. This is a form of theft and should be outlawed.
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I have called visa customer service because my hotel put a hold and the hold was released by hotel but visa gift cards 188* *** **** did not want to return the hold back to the gift card, they are stealing my money.