Common use of Pre-authorisation Clause in Contracts

Pre-authorisation. The process of checking the Payment Card’s status and reserving an estimated amount, e.g. on hotel check-in or when purchasing petrol in a Cardholder-Activated Terminal. Documentation that the transaction was performed.

Pre-authorisation. The process of checking the Payment Card’s status and reserving an estimated amount, e.g. on hotel check-in or when purchasing petrol in a Cardholder-Activated Terminal. Documentation that the transaction was performed. Recurring Payments allow the Merchant to complete Card Pay- ments automatically with stored Card Data at regular intervals.