Can SecurePay preauthorise funds on a customers credit card for later payment?
Preauthorisation allows SecurePay to check an amount on a customer’s credit card and reserve the funds if available. When required, another transaction is performed to capture the funds. The customer’s bank will normally free up preauthorised funds which have not been completed within 7 days, making these funds available to the customer, and no longer reserved by the merchant. Preauthorisation is available through SecurePay, but only through certain banks. Contact SecurePay to find out if your bank has this functionality.
