Merchant Account Reviews

Credit Card Processing Fees | Benefits | FAQ's | Shopping Carts | Fraud & Chargebacks | Glossary

Merchant Account Glossary: Authorization Only

Printer Friendly
An authorization only is the process of validating funds available on a credit or debit card without capturing the funds. Once the authorization is submitted, a response comes back from the issuing bank with an approval or declined code. An authorization only will generally be deleted after a couple of weeks as it wasn't captured. If you processed an authorization only transaction and would like to finalize the sale, then you must process a capture only transaction using the original authorization code.

Other Glossary Terms:
  1. ABA Routing Number
  2. ACH (Automated Clearing House)
  3. Acquiring Bank
  4. Address Verification Service (AVS)
  5. Authorization
  6. Approval or Authorization Code
  7. Authorization Only
  8. Average Ticket Size (AVT)
  9. Batch Processing
  10. Bank Card
  11. Capture
  12. Card Issuer
  13. Card Present
  14. Cardholder
  15. Chargeback
  16. CVC2 (Card Validation Code 2) & CVV2 (Card Verification Value 2)
  17. Discount Rate
  18. Doing Business As (DBA)
  19. Downgrades
  20. Interchange
  21. Member Alert to Control High-Risk Merchants (MATCH)
  22. Payment Gateway
  23. Personal Identification Number (PIN)
  24. Pin Pads
  25. Point of Sale (POS) Terminal
  26. Settlement
  27. Void

Merchant Accounts | Credit Card Logos | Ecommerce Blog
Merchant Account Articles | Resources | Link-to-Us | Privacy Policy

© 2014, LLC