The submission of credit card transaction to be processed by the merchant provider or merchant account holder. This is used to check the funds availability on the credit card submitted.
To read and maintain applicable information from a POS device for use in the settlement of funds.
The submission of a customer's credit card transaction information to the merchant account provider or the credit card processor, through the use of a POS (point of sale) device or by way of real-time transaction processing software, for settlement.
a request by a merchant for funds that were previously authorized
A transaction sent after the merchant has shipped the goods. This transaction will trigger the movement of funds from the Issuer to the Acquirer and then to the merchant's account.
The process of converting an authorized transaction amount into a transaction that can be deposited to your merchant account. In effect, a capture is your request for settlement. You may only capture authorized transactions. And, just like a mail-order merchant, you may only capture Internet transactions once you have shipped the product to the shopper. Funds are not immediately available to you after capture; funds are available after settlement.
To read and maintain applicable information as to a sale for use in the settlement of funds for the transaction
The process where the payment transaction is submitted for processing and settlement.
the process by which the information in a credit card authorization is sent by the credit card processing system to the authorized cardholder’s bank to obtain money for goods and services delivered
An action in which an electronic credit card sale transaction is submitted for financial settlement. Authorized credit card sales must be captured and settled in order for a merchant to receive their funds.
The processing center converts an authorization into a "billable" transaction with the daily batch of transactions. This initiates the actual transfer of funds from the customers account to the merchant's account.
The process of capturing funds from an authorization.
The transfer of money from an issuer to the merchant's account via the acquirer. It occurs on a previously authorised transaction following the dispatch of goods from the merchant.
Booking a previous authorized amount.
A procedure performed on a previously authorized transaction after a merchant has shipped goods or services to the customer. This transaction triggers the movement of funds from the issuer to the acquirer and then to the merchant's account.
The submission of an electronic credit card transaction for financial settlement. Authorized credit card sales must be captured and settled in order for a merchant to receive funds for those sales. Also see Settlement.
In a terminal-based system, refers to SETTLEMENT. In a host-based system, transactions are usually captured when authorized, but may still require settlement.
This is the submission of a credit card transaction for processing and settlement. The submission o...
When a merchant captures funds, they are placing a request to PayPal to process a pending authorization/ reauthorization. If successful, capturing funds moves the funds specified from the buyer's account/funding source to the merchant's account.
The submission of a credit card transaction for processing and settlement. Through this, customers' credit card purchases are debited and the merchant is credited. Once a transaction is sent by the merchant to their credit card processor, transaction details are forwarded to the customer's credit card company and then the credit card company's bank before the transaction is "captured," and payment is initiated.
Submission of an approved authorization for processing and settlement, after the services have been rendered or the product has been shipped.
Converting the authorization amount into a billable transaction record within a batch. Transactions cannot be captured unless previously authorized and the goods or services have been shipped or transmitted to the consumer.
The submission of a credit card transaction for processing and settlement. POS terminals and real-time processing software capture transactions to submit to merchant account providers or credit card processors.