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Last time I talked with a credit card company, they wouldn't even let me file a chargeback until 30 days after the transaction. How would this stop chargebacks
by nulltype 11y ago
Last time I talked with a credit card company, they wouldn't even let me file a chargeback until 30 days after the transaction. How would this stop chargebacks?
- 2muchcoffeeman 11y agoA preauth on a card reserves the credit without actually completing the transaction. The credit is still there but not available for use. You can complete the transaction by sending a 'completion' request, at which point the credit is gone. The preauth also has an expiry. If the preauth expires, the funds are released with no transaction taking place. So when a user signs up, take a preauth. If you have any reporting on your sales, like this guy, you can check for any anomalies before fulfilling orders. Anything that looks odd, don't complete the order.