Use delayed capture to freeze customer’s funds on a card and gain time to verify their identity or offer money back. Decrease the number of chargebacks and make sure your business is secure.
Offer test periods in a better way
Verify customers before sending the product
Protect your business against chargebacks
Here’s how delayed capture works
An example from eCommerce
Authorize the card and check its validity
Authorization results in blocking funds on a customer’s card for up to 7 days for debit cards and 28 for credit cards. It gives you time to ensure that the customer’s card is valid. This operation is free of charge at SecurionPay.
Decide what to do
You can deliver the product to a customer, while funds are blocked. But, if you have any suspicion about a customer, you can simply do nothing — the frozen funds will be returned to the customer after a given period of time.
Capture funds to get money
When a customer received their goods or services and you know that he’s not going to claim money back, you can capture the funds. After that, the money will be taken from the customer’s card, so the transaction will be completed. Only then you will pay a transaction fee.
Improve your business performance
Delayed capture works well for all business models most exposed to a “friendly fraud” and fraud connected with shipping products or services. If your business tackles many disputes, delayed capture will help you improve customer satisfaction.