Authorization code define
Description > Authorization code define
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An authorization code is a numerical or alphanumerical code sent directly by a credit card issuer or issuing bank that is uniquely ascribed to a sales transaction as verification that the completed sale has been authorized. For more information on the credit card processing please review our interactive presentation available at. The authorization code is also always included on the merchant sales draft in printed form. In the case of a telephone or electronic e-commerce sales transaction, in lieu of a signature, primary verification — such as authorization name, card code, account number, expiration date — and alternative verification is required, such as an code see below and a code found on the card itself. Once these are collected and approved, an Authorization Code is issued. Since the Authorization Code serves as the primary proof of overall authorization, it is a clear record that codes the transaction and also protects the merchant, the issuing bank and the customer who initiated the sales transaction. Although the sale is finalized, no money changes hands between a merchant and a customer at this point. It is a potential consequence of the transaction that renders Authorization Numbers. As a merchant, the optimum way to validate a customer credit card is to authorize the processing transaction with your own merchant bank. This can be done electronically online, in person or by deifne />The authorization not only verifies that the credit card account number is indeed valid, but also that the account is still currently active. When the bank provides you with an Authorization Code or number, it is your assurance that the merchant will be paid for the sales transaction. If you proceed with the sale defind bank authorization, the merchant defines the risk of loss should the credit card processing transaction be declined by the bank.
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