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 |
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. |
Updated about 5 hours ago