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1 credit card authorization
The process of verifying the credit card holder's identification and credit worthiness before a sales order is processed and fulfilled. -
2 credit card preauthorization
The process of verifying the credit card holder's identification and credit worthiness before a sales order is processed and fulfilled. The merchant asks the credit card company to reduce the customer’s credit line by the invoice amount without charging the account. The preauthorization usually expires after a fixed period of time defined by the credit card processor.English-Arabic terms dictionary > credit card preauthorization
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3 credit card capture
The process of verifying the credit card holder's identification and credit worthiness when a sales order is fulfilled. -
4 grace period
The time period beyond a specified date during which an obligation can be fulfilled without penalty.
См. также в других словарях:
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