What Is A Pre Authorization Charge? Understanding Preauths and Holds in Credit Card Processing
In today’s digital world, money rapidly evolves from cash to cashless, and vice versal. According to the Federal Reserve Bank of San Francisco’s 2021 Diary of Consumer Payment Choice report, 45% of all payments were with a credit or debit card. As a result, merchants need to be extra diligent with security and ensure that customers …
