Things to Know About Credit Card Authorization Hold

When you place authorization holds for debit and credit card transactions, it becomes a safe, smart, and easy way for merchants to protect themselves from chargebacks, fraud, and refunds which are unnecessary. While it is common to find them used in certain industries, most of the merchants who accept credit cards should ensure that they utilize the Credit Card Authorization Form Template at their disposal. What does an authorization hold mean? Just as it sounds, it is a hold which is placed on funds before an authorization is made. It is at times referred to as pre-authorization or card authorization, where merchants can utilize the authorization hold temporarily, locking the funds for a certain transaction, to ensure that the funds are locked for a certain transaction so that payments for…
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