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Authorising and settlement

Over 20 years experience in payment processing.

Difference between an authorisation and settlement

Authorisation

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 to ensure that all the 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, the authorisation will be declined.

Settlement

We are one of the leading merchant acquirers who provide the quickest daily settlements into your bank account supported by easy reconciliation reports.

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