That’s handy if the customer canceled an order or if, for instance, the product is out of stock. Just cancel the hold, and the money will again become available to the payer.
Partial capture
If the amount of the order decreased, there is no need to cancel it and issue a new one. Just write off some of the reserved funds, and free up the rest.
Less refunds — less spending
Usually, when it comes to a refund to the customer, sellers pay a fee for this transaction. With holding, you have fewer refunds and, accordingly, fewer commission costs.
Automatic unlocking of funds
If the store has not confirmed the order and the hold period has expired, the funds will be automatically unlocked and become available to the buyer.
How it works
This feature unlocks the opportunity to divide the payment process into two separate stages: authorization and capturing funds
Payment authorization
The customer confirms the payment and the required amount is blocked on the card: the funds remain in the customer's account but are not available for other payments.
Charging
The seller initiates the actual write-off: funds are transferred from the client's card to their balance. You decide when to charge. For example, online stores often charge money after making sure products are in stock, and taxi services when the trip is over.
Useful tool to optimize various tasks
Getting a prepayment
For services, goods, accommodation
Issuing insurance payment
If you rent out things, appliances or transport
Reserving the product
If the customer wants to first inspect or try on the purchase
Expand your reach and tap into new opportunities with Tranzzo's cutting-edge payment solutions
Create an account to start integration, or reach out to our manager and clarify the details