Originally Posted by
joakgarp
Pre authorization IS a deposit. It's the hotel's guarantee for the room charge to see if the customer has enough funds and to secure the room charge.
No, it absolutely is not. A deposit means the hotel actually processes the charge and takes possession of the funds (electronically). That's not what a pre-authorization is. The charge is not processed, it is simply authorized. You are confusing two completely different concepts.
Originally Posted by
stant
they didnt take the money, but it is held from your credit limit / available funds in the case of a debit card until the authorization drops off or is converted to a charge.
Correct. But that's not a deposit.