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Authorization to Pay Non Institutional and Prior Year Charges  Form

Authorization to Pay Non Institutional and Prior Year Charges Form

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Instructions and help about Authorization To Pay Non Institutional And Prior Year Charges

many businesses use pre-authorization or authorization only to ensure that funds are available if they're not charging for the product or service on the same day let's say you own a bridal boutique and sell custom-made wedding gowns you need to buy specific fabrics and furniture and invest plenty of manual labor into each piece if you don't take a deposit you're risking a lot in this example getting a deposit pre-authorized is a smart move first you know that the amount you need is available on a credit card second it gives the customer a feeling of commitment let's see how the pre-authorization transactions work a pre authorization or authorization only involves verification of a card holders account to determine if funds are available for the intended purchase a free off places a hold on the specified amount until the transaction is complete or the whole time expires it can also be left open when a batch is closed and be completed in another ba

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