Question

What is meant by total outstanding authorization amount?

Answer 1

total outstanding authorisation amount in a credit card : This is the sum of all the transaction after the latest statement date which are authorised by you but are yet to be billed to your account .

sometimes it happens that merchants submit all transaction in bulk.

keep smiling :-) hope it helps you

Answer 2

Answer:

Explanation:

The total outstanding authorization amount is the amount when the merchant or saler places a hold on certain amount of funds in your credit card or debit card so as to check whether you have sufficient amounts of funds to pay in the process of transaction. As a result of this your funds may become unavilable for several days and you will not be able to perform any transection even if the merchant declines the transection.