Cancelling An Authorization Hold
An authorization hold can be canceled by the merchant if the merchant uses an acquirer that supports a process known as authorization reversal. Different acquirers place different restrictions on the conditions that must be met for the merchant to make an authorization reversal, but it is typical that the reversal must be made very shortly (generally within a minute) after the original authorization. In cases where the merchant cannot perform a reversal, but wishes to cancel the authorization it is typical that the merchant would contact the acquirer by telephone.
Read more about this topic: Authorization Hold
Famous quotes containing the word hold:
“It is not, nor it cannot come to good.
But break, my heart, for I must hold my tongue.”
—William Shakespeare (15641616)