On This Page
Transaction Verification Based on Anticipated Amounts
Products Included:
Virtual TerminalRegion/Country:
GlobalExpected Release Date:
TBDTo align with the latest business enhancements from VisaNet, an upcoming update will give users
the ability to verify transactions using an anticipated amount. This new feature will
streamline the transaction process by verifying that the customer’s card has sufficient
funds to accept purchases. This feature will be especially useful for trial
subscriptions, reservation services, and loyalty programs.
How It Works
When the transaction amount is zero on the Virtual Terminal One-Time Payment page, a checkbox
appears, labelled
Use the Anticipated Amount to pre-authorize transactions
.
When you check the box, the amount entered in the Amount
field will be added
in the payment request sent to Visa for payment authorization purposes but will not
increase the amount charged to the customer.The customer will be charged only the grand total amount (in this example, zero).
For example, let’s say your business offers a 30-day free trial. To ensure a
customer’s card has the funds to cover the cost of the subscription after the trial,
you can enter the anticipated amount of the subscription cost for Visa’s
pre-authorization check. The customer isn’t charged this amount, but their card is
validated for the first month’s payment.
The check box for entering an anticipated amount is on the One-Time Payment page:
