With ECommPay’s Payment Authorisation & Settlement service you get more time to check the reliability of the customer’s account. You can authorise a bank card transaction and then hold the specified sum of money until the withdrawal is confirmed. This service helps reduce chargebacks and proves to be beneficial both for merchants and customers.

In order to WITHDRAW the money from your customer’s bank card, the system needs to AUTHORISE the payment. Authorisation is a referral query from the payment system to the issuing bank which confirms that the customer has enough money to cover the payment. If the authorisation is successfully completed then the specified sum of money is held in the cardholder’s account until the merchant confirms the withdrawal. After the money is released and is in your account the customer will receive his/her order.

With ECommPay Payment Authorisation & Withdrawal service you get more time to check your customer’s bank card details and account reliability. You are able to authorise a bank card transaction and then hold the specified sum of money until the withdrawal is confirmed.

PAYMENT AUTHORISATION

Payment Authorisation is a process whereby a transaction for a specified amount of money is approved or declined by an issuing bank after a special referral query. Authorisation implies checking:

  • that the card number, issue and expiry dates are valid
  • that the card has not been reported lost or stolen
  • that, at the time of the query, the account has enough money to cover the payment amount.

If the checking procedure is completed successfully, the issuing bank validates the transaction and the specified sum of money is held in the cardholder’s account until the actual money withdrawal operation is performed.

WITHDRAWAL

In order to withdraw money from the cardholder’s account you must confirm that the transaction is validated by the issuing bank. Within 2 or 3 business days the cardholder’s bank will transfer the specified sum of money into your account.

The advantages and benefits of ECommPay Payment Authorisation and Withdrawal service are quite obvious. It helps to drastically reduce the number of chargebacks since the merchant gets enough time to carry out an additional risk analysis of the customer and make a referral bank query.

You’re welcome to join ECommPay Authorisation and Withdrawal service and estimate its advantages and benefits.