Hi There,
What happens to the balance amount, if the amout captured for settlement is less than that which has been authorized.
For example, please have a look at the scenario given below: -
1) A credit card has prior authorized an amount of USD 100
2) The merchant captures ony USD 40 for settlement
3) Merchant receives USD 40 after Transaction Cut-Off Time
Therefore from the above scenario, what will happen to the USD 60 that has not been captured.
Any help for this issue will be appreciated.
Thanks in advance :)
Regards
02-25-2012 03:18 AM
The remaining $60 is reversed. Trevor said this in another thread:
If the concern here is leaving the extra $80 reserved on the cardholder's statement, then it isn't something that you need to worry about. For most processors and card types, we automatically issue what is called a "partial reversal" if you choose to capture an authorization for less than the original amount. This is essentially the equivalent of a void, but it only voids the amount that you didn't capture.
02-25-2012 06:45 AM