A credit card pre-authorisation is when you put a temporary “hold” on funds on your customer’s card and then complete the transaction once the service is completed or goods exchanged.
Pre-authorisation and completion transactions are great for any business that offers their service in advance of payment
A credit card pre-authorisation is when you put a temporary “hold” on funds on your customer’s card and then complete the transaction once the service is completed or goods exchanged.
Pre-authorisations can help your customers manage their costs and makes settling the bill easier as your customers don’t need to present their card again to complete the transaction. Offering bar tabs and catering or function services is easy with a pre-authorisation solution. Simply process a pre-authorisation transaction to secure a deposit and then use an additional pre-authorisation to cover any further costs incurred.
Standard Pre-Auth & Completion, including open pre-auth reporting, is available to any merchant using an EFTPOS NZ terminal on the Verifone network at no additional charge. Add both delayed charges and additional pre-auths to your Eftpos NZ terminals on the Verifone network for just $9.95 + GST per terminal, per month.