Enhance your payment offering
Help merchants maximize their revenue
Merchants can authorize and secure an estimated amount before customers receive their goods or services to help reduce risk of non-payment.
Provide value-added authorization services so you can attract and retain merchants.
Facilitate innovation
Offer merchants a flexible authorization framework so they can innovate and adapt based on their specific needs.
Reduce risk of non-payment
Reduce merchants’ exposure to bad debt from customers who don’t have sufficient funds.
How it works
1. Consuming goods or services at the time of purchase
When a customer begins to consume goods or services and the final transaction amount is not immediately known (like during a hotel stay or when renting a car), the merchant can secure funds up front based on a genuine estimated amount of customer spend.
2. Incrementally authorize to secure additional customer funds
If the purchase amount changes to where the original estimated amount is no longer sufficient, the merchant can incrementally authorize additional customer funds before finalizing the transaction.
3. Funds are secured throughout the customer purchase journey
Authorizing across the customer purchase journey allows the merchant to proceed with delivery of goods or services to the customer and can help reduce or avoid bad debt. The acquirer sends a single clearing record for the final transaction amount, and the customer sees a single transaction on their statement.
Add flexibility to payment authorization
Expand your offerings with Estimated Authorization so you can help merchants enhance their customers’ experiences.
CONNECT WITH US
Let’s talk payments
Reach out to us to learn how Visa Estimated Authorization can help boost successful transactions.
