If you've ever taken a ride with Lyft, you might have noticed a temporary authorization hold on your account. This hold can be frustrating, but it's a common practice used by Lyft to ensure that your account is secure.
A temporary authorization hold is a hold on your account that can last anywhere from a few hours to a few days. This is usually done when Lyft suspects that your account has been compromised or when you're trying to use a new payment method.
This hold is not a permanent freeze on your account, and it won't affect your credit score. You can still use your account, but you might not be able to make payments or take rides until the hold is lifted.
Lyft usually lifts the hold once they've verified your account information and confirmed that it's secure.
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What is a Temporary Authorization Hold?
A temporary authorization hold is a pending transaction that shows up on your card statement. It's not a charge, but rather a temporary hold on your funds until your ride is confirmed.
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This hold is usually triggered when you create a list account and add your payment method or request a ride. Your card issuer should remove it within five to seven business days.
The temporary authorization is not a charge, and you won't be charged for it. However, some financial institutions might not abide by this, leading to issues like unauthorized charges or overdrafts.
In such cases, you can fight back to resolve the issue.
Pending Charges and Holds
A pending charge from Lyft is a temporary authorization that will disappear or be refunded after your transaction is successfully processed.
Most pending charges will disappear immediately after your card is charged, but some may take as long as 5-7 business days to disappear.
You might see a pending transaction when you request a ride, change your destination, add a stop, or change your payment method.
Temporary authorizations are made to ensure your payment method works, so it's a normal and necessary step in the process.
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Frequently Asked Questions
What is Lyft authorization?
Lyft authorization is a verification process that checks your payment method to ensure it's valid and can cover charges. This helps protect against unauthorized transactions and ensures your rides and services are paid for securely.
How long does Lyft authorization hold last?
Authorization holds on Lyft typically last 5-7 business days, after which they will either disappear or appear as a refund. This temporary hold may occur when creating an account or requesting a ride.
Sources
- https://www.paypal-community.com/t5/Disputes-and-Limitations/Temporary-hold-from-Lyft/m-p/2276372
- https://fairshake.com/lyft/fees/
- https://lyft.pissedconsumer.com/questions-answers.html
- https://ride.guru/content/newsroom/overcharged-by-lyft-here-is-what-to-do
- https://www.ridesharingdriver.com/lyft-fees/
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