A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Term Definition
Prior Authorization Capture

prior authorization capture is a request sent by a merchant's payment gateway to settle a transaction that was previously authorized through an "authorize only" request. The merchant may be required to manually enter a code given during the initial authorization, or the payment system may include this information automatically. Merchants have a limited time to submit a prior authorization capture request after the initial authorization, though the exact time limit may vary. Read more >>>