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by gushogg-blake
201 days ago
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Someone at the bank was finally able to give me a hint: this is a continuous payment authority, which is not the same as multiple one-off card payments. Someone at the personal finance stackexchange[1] mentioned that with a CPA you "still owe the money" if the transaction fails, which kind of makes sense. Maybe the "transaction for full available balance" was just the easiest way of conveying the notion that "a merchant is entitled to take an amount that's greater than or equal to your full balance". Still, misrepresenting the merchant's actions with basically a made up transaction seems like a sure way to create confusion where we really need clarity and accuracy. [1]: https://money.stackexchange.com/questions/168001/continuous-... |
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