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Originally I was thinking they could handle an open tab like a gas station — place a hold on the card for $X for an open tab. But then, the more I thought about
by mbreese 4y ago
Originally I was thinking they could handle an open tab like a gas station — place a hold on the card for $X for an open tab. But then, the more I thought about it, I’m not sure I want to be the bartender that has to explain why there was a hold of $100 on a college kid’s debit card.
Sorry you can’t buy lunch, but the hold will get released in a few days, so it’s ok!
There’s got to be a better way…
- 2muchcoffeeman 4y agoYou could just prepay $X. Then extend it every so often. Any remainder gets refunded at the end. Honestly, in Australia I have not swiped my CC in over a decade.
- girvo 4y agoIn some ways we are pretty spoiled here in Australia, with regards to fintech adoption. The local farmers markets either take cash or contactless (or both depending on the stall). Its the literal only remaining place that I visit that takes cash-only at some stalls. Everywhere else is all contactless, all the time.
- 2muchcoffeeman 4y agoI suppose so. But it still blows me away that doing basic everyday payments in the largest economy in the world is still so poor and their physical money is terrible.
- Nextgrid 4y ago> Sorry you can’t buy lunch, but the hold will get released in a few days, so it’s ok! I've bought gas in France with a Monzo card and the pump was able to hold and release money immediately - ~150EUR hold initially, as soon as I put the pump down it adjusted to the real amount. Seems like the tech to make this happen does exist, it's just a matter of not using a shitty bank.
- ThePowerOfFuet 4y agoIf the merchant is closing out the preauth correctly, the remainder of the hold is released on the spot.