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  • FIRST POST
    • Ben8282
    • By Ben8282 16th Oct 19, 1:26 AM
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    Ben8282
    Samed ay debit to credit card account
    • #1
    • 16th Oct 19, 1:26 AM
    Samed ay debit to credit card account 16th Oct 19 at 1:26 AM
    I used my Lloyds Mastercard credit card for a chip/pin purchase transaction on Tuesday afternoon.
    The transaction was actually debited to the credit card account when they updated Tuesday evening. I don't mean it appeared as a pending transaction I mean it actually appeared as a debit on the account.
    I have never had a transaction debit a credit card account so quickly before; it is usually the following evening.
    From the receipt the merchant appears to use Payment Sense as their processor.
    How is such a rapid debit possible?
Page 1
    • boo_star
    • By boo_star 16th Oct 19, 1:27 AM
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    boo_star
    • #2
    • 16th Oct 19, 1:27 AM
    • #2
    • 16th Oct 19, 1:27 AM
    There's nothing to say a payment can't be debited very quickly, it's just uncommon.
    • Ben8282
    • By Ben8282 16th Oct 19, 1:32 AM
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    Ben8282
    • #3
    • 16th Oct 19, 1:32 AM
    • #3
    • 16th Oct 19, 1:32 AM
    There's nothing to say a payment can't be debited very quickly, it's just uncommon.
    Originally posted by boo_star
    Agreed. But I always assumed it was uploaded to the processor/acquirer (if those are the correct terms) on day 1 then passed on to the credit card company on day 2. My query is about how they managed it so quickly. I have been using credit cards for a very very long time and have never encountered this before.
    Last edited by Ben8282; 16-10-2019 at 1:35 AM.
    • boo_star
    • By boo_star 16th Oct 19, 1:43 AM
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    boo_star
    • #4
    • 16th Oct 19, 1:43 AM
    • #4
    • 16th Oct 19, 1:43 AM
    Agreed. But I always assumed it was uploaded to the processor/acquirer (if those are the correct terms) on day 1 then passed on to the credit card company on day 2. My query is about how they managed it so quickly. I have been using credit cards for a very very long time and have never encountered this before.
    Originally posted by Ben8282
    Day one was Tuesday, Day two is today?
    • Ben8282
    • By Ben8282 16th Oct 19, 1:46 AM
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    • #5
    • 16th Oct 19, 1:46 AM
    • #5
    • 16th Oct 19, 1:46 AM
    Day one was Tuesday, Day two is today?
    Originally posted by boo_star
    No. It was debited in the Tuesday evening update which for Lloyds is around 2200 Tuesday, about 5 hours after the transactrion was made.
    • boo_star
    • By boo_star 16th Oct 19, 1:54 AM
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    boo_star
    • #6
    • 16th Oct 19, 1:54 AM
    • #6
    • 16th Oct 19, 1:54 AM
    No. It was debited in the Tuesday evening update which for Lloyds is around 2200 Tuesday, about 5 hours after the transactrion was made.
    Originally posted by Ben8282
    I think you might be splitting hairs here. Most banks do their processing after 12AM. That Lloyd's do it before then doesn't matter.
    • Ben8282
    • By Ben8282 16th Oct 19, 2:06 AM
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    Ben8282
    • #7
    • 16th Oct 19, 2:06 AM
    • #7
    • 16th Oct 19, 2:06 AM
    I think you are failing to understand.
    All other Tuesday transactions are still pending and I would normally expect them to de debited today (Wednesday) at this evening's update unless there was a delay in submitting them. This is the normal timescale for credit card transactions to debit. This transaction debited approximately 5 hours after it was made which is sufficiently abnormal to warrant a mention and I am curious as to how this was possible.
    Last edited by Ben8282; 16-10-2019 at 2:10 AM.
    • boo_star
    • By boo_star 16th Oct 19, 2:09 AM
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    boo_star
    • #8
    • 16th Oct 19, 2:09 AM
    • #8
    • 16th Oct 19, 2:09 AM
    I think it is you who are failing to understand.
    All other Tuesday transactions are still pending and I would normally expect them to de debited today (Wednesday) at this evening's update unless there was a delay in submitting them. This is the normal timescale for credit transactions to debit. This transaction debited 5 hours after it was made which is abnormal and I am curious as to how this was possible.
    Originally posted by Ben8282
    I wouldn't expect Tuesday's transactions to be debited this evening. I'd expect them to be debited (or credited) between 12AM and around 4AM (depending on the bank) this morning (i.e about now.)
    • Ben8282
    • By Ben8282 16th Oct 19, 2:14 AM
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    Ben8282
    • #9
    • 16th Oct 19, 2:14 AM
    • #9
    • 16th Oct 19, 2:14 AM
    I wouldn't expect Tuesday's transactions to be debited this evening. I'd expect them to be debited (or credited) between 12AM and around 4AM (depending on the bank) this morning (i.e about now.)
    Originally posted by boo_star
    NO I disagree completely. They will debit tonight (be it at 2200 or midnight tonight or between midnight and 0400 Thusday morning).
    • boo_star
    • By boo_star 16th Oct 19, 2:16 AM
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    boo_star
    NO I disagree completely. They will debit tonight (be it at 2200 or midnight tonight or between midnight and 0400 Thusday morning).
    Originally posted by Ben8282
    The overnight processing deals with yesterday's transactions, which means all banks doing it right now are dealing with credits, debits, whatever that were posted yesterday.
    • Ben8282
    • By Ben8282 16th Oct 19, 2:17 AM
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    Ben8282
    We will have to agree to disagree then. I know what I am talking about.
    • boo_star
    • By boo_star 16th Oct 19, 2:20 AM
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    boo_star
    We will have to agree to disagree then. I know what I am talking about.
    Originally posted by Ben8282
    So do I, I worked for a bank and have bank accounts with several different ones.

    I've never seen Tuesday's transactions (for example) dealt with on Thursday morning. Ever.
    • Ben8282
    • By Ben8282 16th Oct 19, 2:29 AM
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    Ben8282
    So do I, I worked for a bank and have bank accounts with several different ones.

    .
    Originally posted by boo_star
    We are not discussing bank accounts. We are discussing credit card transactions.
    I also have several credit card accounts and have been using credit cards for a very very long time.
    It's 2.30 in the morning. Perhaps you are tired and not understanding what I have written very well or I have confused you somehow..
    • boo_star
    • By boo_star 16th Oct 19, 2:40 AM
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    boo_star
    We are not discussing bank accounts. We are discussing credit card transactions.
    I also have several credit card accounts and have been using credit cards for a very very long time.
    It's 2.30 in the morning. Perhaps you are tired and not understanding what I have written very well or I have confused you somehow..
    Originally posted by Ben8282
    Credit card accounts and bank accounts operate in exactly the same way (in my experience.) At least as far as how transactions are processed overnight.

    I guess we'll wait for other people to chime in at a more sociable hour.
    • BoGoF
    • By BoGoF 16th Oct 19, 6:07 AM
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    BoGoF
    Does anyone actually care - what difference does it make?
    • onwards&upwards
    • By onwards&upwards 16th Oct 19, 7:57 AM
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    onwards&upwards
    Does anyone actually care - what difference does it make?
    Originally posted by BoGoF
    Someone who couldn’t really afford to make the transaction and was counting on a longer grace period perhaps?
    • stehouk
    • By stehouk 16th Oct 19, 9:37 AM
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    stehouk
    jeez some people need to get out more instead of posting this inane drivel.
    • Ben8282
    • By Ben8282 16th Oct 19, 6:31 PM
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    Ben8282
    The intention of this post was to start a sensible discussion on how a credit card chip/pin transaction undertaken by a merchant using a specific credit card processor came to be debited extremely quickly to the credit card account and outside the normal timescales for such a transaction.
    Instead, replies have implied that I don't know what I am talking about, that what has occurred here is normal when it is not and other comments such as
    Does anyone actually care - what difference does it make?
    Originally posted by BoGoF
    apparently worthy of being thanked 3 times and
    jeez some people need to get out more instead of posting this inane drivel.
    Originally posted by stehouk
    If this post is considered insane drivel the heaven help us!
    Last edited by Ben8282; 16-10-2019 at 6:34 PM.
    • born again
    • By born again 16th Oct 19, 7:03 PM
    • 565 Posts
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    born again
    The intention of this post was to start a sensible discussion on how a credit card chip/pin transaction undertaken by a merchant using a specific credit card processor came to be debited extremely quickly to the credit card account and outside the normal timescales for such a transaction
    Originally posted by Ben8282
    I have seen it a few times over the last few months.
    Not sure why, other than maybe processor has upgraded their systems to get debits the same day as they are made.
    Same seems to be happening on Current accounts as well.
    • born again
    • By born again 16th Oct 19, 7:05 PM
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    born again
    Someone who couldn’t really afford to make the transaction and was counting on a longer grace period perhaps?
    Originally posted by onwards&upwards
    Well that is the whole point of a credit card

    Only would come into play if nearly up to limit and could not make a payment for a few days, or just at point of statement being produced and wanted it on the next one...
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