Not that laws seem to matter much of anything anymore, but as a point most, if not all, Merchant's Agreements require that an item is in stock before a credit card can be charged. There is a little wiggle room on this maybe, though not much. I've ran into this in more or less custom or specialty items. Sometimes have to be reasonable. What most people haven't paid much attention to in the past, or didn't much care, is becoming an issue. Because they don't have any inventory.
Ordinary retail stuff, if they don't have it, they aren't supposed to charge your card. Period, the End.
They do have to test the card account at the time you hit "Buy", for one thing to make sure it is a valid account. And if there is going to be a delay of some sort, even normal shipping time frames , they want to protect themselves in the event your account is cancelled by the issuer in the interim, I expect.
Those "credit" dollars are held against your limits I expect. A similar way to see this in action, is when people use a Bank Card for gasoline purchases, instead of a credit card. The gasoline stations will put a "hold" on a certain amount of $$$ in the check account. This adds up quick.
I suppose the good news is the phones still work, at least for now. Give 'em a call, and ask to speak to a human being. Find out if they actually have on hand what it is that you want in stock.
If someone charges your card and they don't have it, then you are within your rights to "charge back" the sale. They don't want you to do this, they want to come up with excuses on why they can't cancel, but it's up to you to decide if they are playing fast and loose with the regulations.
Ordinary retail stuff, if they don't have it, they aren't supposed to charge your card. Period, the End.
They do have to test the card account at the time you hit "Buy", for one thing to make sure it is a valid account. And if there is going to be a delay of some sort, even normal shipping time frames , they want to protect themselves in the event your account is cancelled by the issuer in the interim, I expect.
Those "credit" dollars are held against your limits I expect. A similar way to see this in action, is when people use a Bank Card for gasoline purchases, instead of a credit card. The gasoline stations will put a "hold" on a certain amount of $$$ in the check account. This adds up quick.
I suppose the good news is the phones still work, at least for now. Give 'em a call, and ask to speak to a human being. Find out if they actually have on hand what it is that you want in stock.
If someone charges your card and they don't have it, then you are within your rights to "charge back" the sale. They don't want you to do this, they want to come up with excuses on why they can't cancel, but it's up to you to decide if they are playing fast and loose with the regulations.