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Dealing With Visa Gift Card Cancelled Transactions
I was sitting on a stack of Visa gift cards (VGC) over the last few weeks because of that awesome Office Depot/Max deal. After figuring out how many trips to Walmart I was in for I decided to look at other options to liquidate the cards. That is when I came across the iTunes deal at Costco…a win win. Or so I thought!
Issues with the Transaction
The sale at Costco was a break even or slight money maker with my reselling relationships. If I used my VGC to make the purchase I would be able to drain them and essentially get 5x UR for the purchase. It almost reminded me of the good ole days with PayPal Digital Gifts…R.I.P.
I did my first order and waited. It seemed to go through ok and I received the iTunes cards an hour or so later. Since it worked like a charm I ordered the other denominations with some more VGCs. Then I sat back and thought about all of the Walmart runs I just saved myself…until the cancellations came through.
My 2nd, 3rd, and 4th orders were all cancelled. No big deal, I thought, until I checked the balance on the cards…the charges were all still pending. I figured it would take a few days for the pending charges to fall off, similar to a credit card, but they didn’t. After poking around google without finding much of an answer I decided to call the company and see what kind of time frame I could expect. They said anywhere from 7-10 days.
Timeline of the Refunds
Since there wasn’t much info out there about this I thought it would be good to keep track of my progress. This should help anyone who runs into a similar situation in the future, they now know what to expect.
The first few cards took 11 days for the charges to fall off. That included Thanksgiving and one Sunday. That may have added a day or two.
The final card took 10 days and had two Sundays in the time frame. It did not involve Thanksgiving.
I think it is pretty safe to expect 10 days for the funds to become unfrozen in the future.
My plan didn’t quite work out like I intended. It ended up saving me all of one swipe at Walmart! But now I, and you, know what to expect if a transaction is ever cancelled after the fact with a Visa gift card.
This could also be an issue if a swipe doesn’t properly go through at Walmart or if a system crashed midway through your transaction. So just keep this in the back of your mind!
Have you ever run into a similar situation? Let me know if the comments.
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.