What is meant by “book and ship”?
“Book” refers to the act of pre-authorizing a card to ensure that the monies are available when the order is fulfilled. Once the order is fulfilled, it is transferred to an invoice. “Ship” refers to the transaction that actually charges the credit card. This can be done in real time or batch mode processing. Credit Card Advantage automatically renews expired books. This is a money saving feature because it eliminates the additional fee that processors normally charge for transactions that transfer expired books.
“Book” refers to the act of pre-authorizing a card to ensure that the monies are available when the order is fulfilled. Once the order is fulfilled, it is transferred to an invoice. “Ship” refers to the transaction that actually charges the credit card. This can be done in real time or batch mode processing. Credit Card Advantage automatically renews expired books. This is a money saving feature because it eliminates the additional fee that processors normally charge for transactions that transfer expired books.
