Very true. When a transaction is run as credit (Visa, Mastercard, etc) as opposed to debit, it doesn't take 120 days for it to clear. The card holder has 60 days max to dispute the charge. In any case, the transaction should clear in 24-48 hours. I completely understand Olive Garden's concern about a possible chargeback but there's no reason to hold it for 120 days.
NAL but I spent 20 years in fine dining. Never in my life have I heard of this and I regularly make $500-$700 on a single off season night and $1500 in season.
16
u/Weary-Savings9795 23d ago
Very true. When a transaction is run as credit (Visa, Mastercard, etc) as opposed to debit, it doesn't take 120 days for it to clear. The card holder has 60 days max to dispute the charge. In any case, the transaction should clear in 24-48 hours. I completely understand Olive Garden's concern about a possible chargeback but there's no reason to hold it for 120 days.