Meshbox opened this issue on Oct 12, 2006 · 83 posts
arcady posted Fri, 13 October 2006 at 12:19 AM
Quote - > Quote - Shame they aren't offering - a "we won't charge your card until it ships" - this time - not too sure about having $AUD 173 tied up for Gawd Knows How Long.......
Check the FAQs...
That FAQ says:
Quote - Credit/Debit Card: If you paid by credit/denit card, our store system performed a preauthorization on your credit card when you placed your order. While this doesn't post a charge to your account, it does reserve the funds from your available balance right away. Your credit card company considers this to be a "pending authorization". The actual charge will officially post to your account after your order ships for physical versions, and when your download information is sent for download versions.
Paypal: If you paid by Paypal, the funds were immediately transferred to e frontier when you sent payment from your Paypal account.
"reserve the funds" is just a euphamism for 'we took your money, you've paid and lost that money, but we're not giving it to the other guy yet because we want to invest it in some energy stocks or that trip to Vegas with the hot secretary down the hall...'
When I lived in South Korea this was how people paid rent - they got their money 'held' by the landlord for X amount of time, at the end of the time the landlord paid them back 100% of the money. The point? The landlord made a killing off the interest...
It was still your money, but as long as its in somebody else's pocket it might as well be gone.
e-fronteir doesn't benefit from this scam, but the credit card companies sure do.
Truth has no value without backing by unfounded belief.
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