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. Receipt Documentation that the transaction was performed.
Appears in 2 contracts
Samples: assets.ctfassets.net, www.rapyd.net
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. Receipt Documentation that the transaction was performed. Recurring Payments Recurring Payments allow the Merchant to complete Card Pay- ments automatically with stored Card Data at regular intervals.
Appears in 2 contracts
Samples: Terms and Conditions, www.nets.eu