How long are funds guaranteed?
To ensure protection against chargebacks, PayJunction only guarantees authorizations for 6 days. On the 7th day, PayJunction will automatically void any transactions that remain on hold.
Funds for transactions that are processed as an Authorization (aka "Hold") will be guaranteed for a particular amount of time. Ultimately, it is entirely up to the card-issuing bank as to how long they will guarantee that funds will be available for that transaction. Typically, the following rules apply, but it is ultimately up to each card-issuing bank:
Funds may be guaranteed for up to 21 days.
However, to ensure protection against chargebacks, PayJunction only guarantees authorizations for 6 days. On the 7th day, PayJunction will automatically void any transactions that remain on hold. If a transaction is automatically voided on the 7th day, it is best to re-charge the transaction (i.e. re-process as a hold) in order to obtain a new authorization for another 6 days.
|Debit Cards||Funds may be guaranteed for up to 2-3 days. If you process a transaction as a Hold, and you update it to Capture at a later date, then there is a possibility that those funds will no longer be guaranteed by the card-issuing bank.
Therefore, it is possible that the card will be declined at that time. If this is the case, the card will need to be reprocessed. PayJunction is not responsible for expired authorizations and approval codes.
How do I Capture or Void the transaction?
When a transaction is archived in your History as a Hold, you will need to manually update it to a Capture in order to be paid for that transaction.