| Term | Definition |
|---|---|
| Prior Authorization Capture |
A 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 >>> |