Does FedEx put a hold on your credit card? It’s not uncommon to find yourself wondering about the complexities of credit card holds, particularly when it comes to transactions involving FedEx. Here, we will provide clarity on credit card holds and how long it takes for FedEx to charge your card.
When using FedEx’s shipping services, customers often wonder how payment is handled.
One common question that arises is “Does FedEx put a hold on your credit card?”
What exactly happens during this process? Read on!
Does FedEx Put a Hold on Your Credit Card?
Yes, FedEx can put a hold on your credit card for shipping fees and additional services.
These holds give FedEx permission to verify the card and check funds.
FedEx can also place credit card holders to secure payment for the shipping fees when you want to send your package.
The hold amount is an estimate based on package weight, destination, and the selected service level.
This hold ensures that funds are reserved until the shipment is completed and the last charges can be processed.
Another scenario for a card hold is if you request any additional services beyond standard shipping.
This could be insurance coverage, signature confirmation, or Saturday delivery.
The amount is estimated based on the cost of the requested services.
However, the duration of credit card holds can vary depending on the policies of your credit card issuer.
Generally, credit card holds are temporary and are released within a few business days after the transaction is completed.
So, while FedEx may place a hold on your credit card for shipping fees and additional services, it is not for the full value of the package being shipped.
It is primarily to ensure payment for the specific services provided by FedEx.
How Long Does it Take for FedEx to Charge Your Card?
A FedEx Billing Online payment takes 24–48 hours to process and post to an account.
However, the time when FedEx charges your credit card can vary.
Here are some key considerations:
1. Shipment Type
The timing of the charge may depend on the type of shipment, and the specific services requested.
For standard shipments with no additional services, FedEx charges the credit card at the time of shipment, when the package is dispatched for delivery.
2. Billing Cycle
Your credit card billing cycle can affect when FedEx charges your card.
If the shipment and charge fall within your current billing cycle, the charge will probably appear on your next credit card statement.
However, if the timing falls near the end of your billing cycle, it may carry over to the following statement.
3. Service Level
If you choose expedited or time-definite services, FedEx will charge your credit card at the time of shipment.
This is done to ensure immediate payment for the higher level of service provided.
4. Additional Services
FedEx will charge you separately for additional services.
The timing of these charges will depend on when the services are provided or when the associated costs can be accurately determined.
When using FedEx services, it is possible for them to place a temporary hold on your credit card for shipping fees and additional services.
This credit holds secure payment and is released within a few business days after the transaction is completed.