What are pending transactions?
Pending transactions are 'holds' placed on funds in your account until a payment can be fully processed by the merchant. This allows you to make a purchase straight away even though your funds may take a bit longer to be withdrawn.
How long will my transactions stay pending?
Time frames can vary and its up to the merchant you have made a purchase from to clear/settle your payment before it can be changed from 'pending' to settled'. Xinja does not control this and it can take up to 10 business days for a pending transaction to settle.
Funds on "Hold"
Funds on hold work similar to pending transactions. They are common amongst hotels, rental car agencies and other business that require an amount as security when using a service. Funds on hold will appear on your card as a pending transaction, they will remain there until the merchant releases the funds at which point the transaction will disappear from your transaction list. On-hold transactions that are not manually released by the merchant will automatically be released after 10 business days