GUARANTEED FUNDS, FLEXIBLE HOLD PERIODS
Funds are guaranteed for a set period
Secure payment from customers
How it works
Pre-authorise a card by putting a temporary hold on a portion of your customer’s funds for approximately 5 days (depending on your MCC).
The customer can’t withdraw the money from an ATM or spend the money elsewhere while the hold is in place.
When it comes time for the customer to pay*, the funds on hold can then be “captured”, or converted into a charge.
Pre-authorisation is ideal for:
- Hotels: You can pre-authorise the customer’s credit card either at the booking stage or during check-in. This guarantees that funds are available to cover any charges incurred during the hotel stay, such as the cost of room service or other amenities.
- Car rental companies: Pre-authorisation can be used to ensure the car is returned in good shape and with a full tank of fuel.
- Tour operators and activity providers: When you trust a customer with expensive equipment, pre-authorisation can also act as a security deposit, ensuring that funds are available to cover potential damage or theft.