Definitions
The following table contains important definitions for understanding this document.
Term | Explanation |
---|---|
Authorization | Signifies that the card-issuing authority is requested about the matter if the concerned card or account with the entered amount can becharged. If a positive answer is returned, the credit limit will be chargedwith the amount. |
Clearing | Is the charging of an already authorised amount. |
Automatically clearing | Signifies that authorised amounts of a card-issuing authority are directly charged. |
Manually clearing | Signifies that the authorised amounts are charged on a later date by themerchant. This can be useful if the customer should only be chargedafter shipping the order or if the transaction should be checked manually before charging. An authorization is normally only valid for 14 days. |
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