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Debit Card Transaction Time Limit

Answered by: 
John Burnett

Question: 
How long after a debit card transaction does a merchant have to send it through? Is there a time limit at which it will no longer be valid?
Answer: 

There's no legal or regulatory time limit. The merchant is instructed to submit transactions promptly, but there is nothing of which I am aware in card merchants' agreements to absolutely restrict the merchant's ability to submit them late.

First published on BankersOnline.com 8/27/07

First published on 08/27/2007

Filed under: 
Technology
Filed under technology as: 
IT

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