|
WorldPay's deferred payments system allows you to accept orders online normally but helps you avoid the risk of chargebacks due to online credit card fraud. There are no additional charges for setting up deferred payments (pre-authorisation) on your Internet Merchant Account.
Deferred payments are ideal for situations in which you do not wish to complete the transaction instantly. Some examples are:
- if you receive an "abnormal" order
- if you receive a suspicious order in which AVS or CVV numbers show "not matched" (which often suggests a fraud)
- if you are unable to dispatch goods immediately
Shoppers will make their purchases from your web site in the normal way - your use of the deferred payments system is totally invisible to the shopper. You then have 5 days in which to manually complete the transaction. During this time you can carry out anti-fraud checks, order more stock, contact the shopper to confirm the order, or anything else you need to do.
If you feel the order is fraudulent or you are unable or unwilling to supply the goods, you can simply allow the transaction to lapse. No transaction charges are incurred unless you manually complete the transaction. If you fail to complete a transaction that may be fraudulent, you avoid the risk of chargebacks.
Deferred payments can be set up on your Internet Merchant Account very quickly and easily and free of charge, simply by sending WorldPay an email requesting that they set up pre-authorisation.
More information
If you would like more information, please feel free to contact us.
| 
