Definitions

EFTPOS

Transaction processed with the card present using a connected device at the point of sale.

eCommerce

All card transactions processed electronically via the Internet where the card is not physically presented at the point of sale.

Token Creation

A Credit Card Token can be created on a Guest Profile, Company or Travel Agent and will be created automatically when payment is made via the Pay By Link or when creating a Credit Card Receipt with new card information.

Pre-Authorisation

Pre-Authorisation prompts the card issuer to place a temporary hold of funds for the preset amount without issuing payment to the requester.

The card issuer will automatically release the funds back to the card holder after their prescribed hold period unless manually released earlier. 

The number of days funds are held is determined by the card issuer with an average of 3-5 business days up to 30 business days from the time the Pre-Authorisation Token is created.

Consuming a Pre-Authorisation Token will use the funds held on the card and create a Receipt on the account for the value consumed.

Blind Refund

A Blind Refund enables nominating the Credit Card Token to apply the refunded payment to.

Credit Card Token

A Credit Card Token will be created automatically using the card information entered in the Pay By Link to facilitate future transactions.