Uber now holds upfront fare amount for credit and debit card payments in India

Uber India has announced that is has started rolling out payment authorization hold feature that allows Uber to authorize hold your upfront fare amount before your trip begins for non-cash credit and debit card payment method for every trip requested. Uber says that this is to confirm that a user’s account is active and available to fund their trips. How does this work? When you request for a ride, a temporary authorization hold is placed on your chosen payment method, for the upfront price of the trip. This will show up as a “pending” charge on your account. If the account balance of your credit or debit card linked to the rider's account is lower than the fare estimate, the authorization hold will fail. You will need to choose a different payment method or add a new payment method to your Uber account in order to request a ride. When the trip completes, this hold is converted to a charge for the final trip fare. Your bank may send you one or more SMS’ to notify you of both the hold and the actual charge. If the trip has been cancelled or the total fare is different than the upfront price, the original ...