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:
“What right have you to hold up this obstacle to my understanding you, to your understanding me! You did not invent it; it was imposed on you. Examine your authority. Even Christ, we fear, had his scheme, his conformity to tradition, which slightly vitiates his teaching. He had not swallowed all formulas. He preached some mere doctrines.”
—Henry David Thoreau (1817–1862)