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.