Security Pre-Authorization versus Security Deposit

Security Pre-Authorization versus Security Deposit

When taking a credit card payment, it can be taken as a Payment, a Security Pre-Auth, or a Security Deposit. 

- Payment:  A Payment will charge the customer's credit card and will reduce the Amount Due on the Order.

- Security Pre-Auth:  A Pre-Auth is a temporary hold on a customer's credit card for a specific amount, ensuring the funds are available for a future transaction. 
Pre-Auth's do not charge the customer's credit card, nor will they reduce the Amount Due on the Order.

- Security Deposit:  A Deposit is a sum of money paid upfront to secure a sale or service.  
Deposits will charge the customer's credit card but will not reduce the Amount Due on the Order. 

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