Use your iPhone to process credit card transactions

Authorize and Reserve Funds

ProcessAway has the ability to submit transactions of type "AUTH_ONLY", to the Authorize.net gateway which will authorize, verify and hold funds. An example who would be in need of this would be a rental agency that pre-authorizes the charge card and settles the charge once the rental period is over. It also can be used by a contractor that wants to verify funds are in place before starting a job.

Once funds are placed on hold, if the merchant takes no further action, the funds will be released back to the card holder after 30 days. To release funds back to the card holder before the 30 days have passed, a Void can be performed on the transaction. To claim funds, a Capture must be peformed on the transaction. A capture of funds can be any amount up to the original held amount. Only one capture can be performed on held funds. For example, you can't hold $100, capture $50, and then capture the remaining $50. After the first capture of $50, the remaing funds are returned to the card holder.

How To Authorize and Reserve Funds

  1. Enter a valid credit card number
  2. Enter the expiration date in the form of MMYY two digits for month, followed by two digits for year. For example, April, 2009 would be 0409.
  3. Enter an amount to verify and hold.
  4. Although not required for a successful transaction (unless the default settings for this account was modified at the Authorize.net merchant account area), it is good practice to enter the Zip and CVC
  5. Go to the Additional Sale Info pages and enter any additional sale info that may be needed and also enter a valid email account if an email receipt is requested
  6. Execute the transaction by pressing "Verify & Hold Funds"