Sep 28 2019, 01:01 AM
QUOTE(G-17 @ Sep 28 2019, 12:12 AM)
1) Yes, it's technically an authorization hold, but your bank will see it as a "SALE to Lenovo Technology Sdn Bhd".
2) That hold will expire in 7 days and Lenovo will then make another SALE. Process will repeat until all items in your order are shipped.
3) For credit card, no problem. Just ignore all the extra charges until the order arrives, and then tell your bank to chase Lenovo if there is any outstanding/double charge. For debit card, the problem is the float time between Lenovo returning the hold payment and the money going back into your account. If the float period is 14 working days (eg: for Maybank Visa debit), then you need to make sure you have at least 3x the amount of the purchase price in the bank (to account for weekends). For charge cards - like Amex issued by American Express Corp, not bank issued Amex - that mandate you pay on time every month, you have to make the payment when you're billed to avoid interest, but I don't think charge cards have floating period, so the charge is canceled the moment the hold period expires.
For 2) Means that even though if the shipping has start for partial item, Lenovo will still continue for additional charges (SALE), and will only stop when every ordered items are completely shipped out. 2) That hold will expire in 7 days and Lenovo will then make another SALE. Process will repeat until all items in your order are shipped.
3) For credit card, no problem. Just ignore all the extra charges until the order arrives, and then tell your bank to chase Lenovo if there is any outstanding/double charge. For debit card, the problem is the float time between Lenovo returning the hold payment and the money going back into your account. If the float period is 14 working days (eg: for Maybank Visa debit), then you need to make sure you have at least 3x the amount of the purchase price in the bank (to account for weekends). For charge cards - like Amex issued by American Express Corp, not bank issued Amex - that mandate you pay on time every month, you have to make the payment when you're billed to avoid interest, but I don't think charge cards have floating period, so the charge is canceled the moment the hold period expires.
For 3) Means that once receive all item from Lenovo, then I must inform bank to chase Lenovo to release all not yet expired charge/authorization hold, except the actual payment one. Am I right?
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