An authorisation takes place after a customer selects a product or service for purchase and enters their card details into an online payment form. We check that all required data is submitted and there are sufficient funds in the relevant account for the transaction. If funds are available, an authorisation code is generated in real-time. This places the funds on hold and reduces the customer's available credit balance. If funds are not available, authorisation will be declined.
We select the transactions for settlement daily and transfer of funds into the merchant's bank account.