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In terms of mechanics, a single-use account means that each supplier payment is tied to a virtual account number, and the creditlimit is set to the amount that is dictated by each payment.
CreditLimit The maximum amount that a cardholder can charge within their credit range. U Underwriting The process of assessing the risk of a merchant account and determining the appropriate fees and processing limits. Void The process of canceling a transaction before it is completed. PayHawk is Here to Help!
Cons of Brex: Some users find it confusing to transfer funds between the credit card and bank side. The availability calculation for creditlimits may lack transparency and predictability for some users. Would benefit from more assistance in identifying areas of overspending and tracking spending around specific accounts.
This typically happens when an authorization is placed but later voided. Fraud and anti-fraud authorizations Banks and credit card companies implement fraud and anti-fraud authorizations to prevent unauthorized transactions, which can place a hold on transactions to investigate suspicious activity. Can pending transactions be declined?
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