An In-Depth Look at Credit Card Processing Methods

An In-Depth Look at Credit Card Processing Methods

An authorization hold—also know as a card authorization, pre-authorization, or pre-auth—is when a customer’s issuing bank authorizes a debit or credit card transaction and holding the balance as being unavailable. The transaction remains in this state until the merchant clears the transaction. This is also known as capturing or settling the transaction. With debit card…