4 ms·
There is regulation where e-commerce companies can only charge you after they have shipped the item. That may be why it’s appearing as separate charges.
by sk55 5y ago
There is regulation where e-commerce companies can only charge you after they have shipped the item. That may be why it’s appearing as separate charges.
- Godel_unicode 5y agoI'm aware of no such law in the US, are you in the EU?
- AnssiH 5y agoI'm not the parent, but there is no such EU-wide regulation either, or if there is it is being commonly violated. Charging at order time is common at least in Finland. Many common payment methods do not support "delayed" charges so all methods are often handled the same way, instantly. I just saw this in SwedBank docs, though: https://developer.swedbankpay.com/payment-instruments/mobile-pay/capture https://developer.swedbankpay.com/payment-instruments/mobile... > When dealing in physical goods using two-phase payment instruments, all goods must be shipped before you capture the authorized amount. This is regulated in part by the Swedish Distance and Doorstep Sales Act, required in our terms and (for card payments) required by Visa and Mastercard. It says "in part", though, I didn't check what the Swedish law actually mandates.
- jonahbenton 5y agoThis practice stems from the merchant agreement contracts sellers have with credit card networks.
- sk55 5y agoLooks like it's not a law, but a common policy from credit card companies. > However, many credit card issuers have policies against sellers charging a credit card account before shipment. Src: https://consumered.georgia.gov/ask-ed/2016-08-31/can-merchant-charge-my-credit-card-item-back-order https://consumered.georgia.gov/ask-ed/2016-08-31/can-merchan...