A pre-authorisation hold is a standard banking practice which places a temporary hold on funds when you add a payment method or request a trip with us. This allows the bank to confirm the payment method is valid and you have sufficient funds. This has become common practice for all companies who accept digital payment.
Your bank need to check that we can take payment from the credit/debit card attached to your Rapid Cabs account, so your bank has placed a temporary charge for the estimated fare on your card*. No funds are debited/removed from your account.
What does this mean?
- A temporary charge/hold (“pre-authorisation”) means we have reserved the estimated fare amount to confirm your account can cover payment for the fare*.
Why we do this?
- Your bank will release the temporary charge once the trip is completed, or the taxi request is cancelled.
- The actual charge for the fare will be applied to your account after you complete your taxi journey.
Please email us at firstname.lastname@example.org if you have further questions on any of the above and our customer care team can assist you.
What is a pre-authorisation hold?
A pre authorisation hold is a standard banking practice which places a temporary hold on funds when you add a payment method or request a trip with us. This allows the bank to confirm the payment method is valid and you have sufficient funds. This is becoming common practice for all companies who accept digital payment.
Has it actually been taken from my account?
Rapid Cabs is not charging your credit card. A pre-authorisation is a security guarantee for payment only and isn’t actually debited from your account.
How long does the pre-authorisation hold last for?
The pre-authorisation hold varies depending on your individual bank but will usually take 3-5 working days to clear from your account. If you want to query when the hold will be removed we advise that you check with your bank.
How much is a pre-authorisation hold?
Before a hail request is executed, Rapid Cabs will pre-authorise the estimated fare amount on the customer’s credit card based on the passenger’s destination.
Does the pre-authorisation hold apply to both debit and credit card?
The pre-authorisation hold does apply to both debit and credit card.