With the implementation of pre-authorization, girocard will open up new industries girocard . For greater flexibility in payment services.
Pre-authorization will open up new possibilities for payment processing with girocard in the future. By decoupling customer authentication and authorization, merchants and service providers can make payments more flexible. This makes it possible to separate reservations and bookings, extend payment guarantees, process partial payments, or even charge increased amounts—all without further customer interaction. This opens up additional business opportunities for girocard acceptance partners in industries where the debit card issued by German banks and Sparkassen was Sparkassen not usable.
Pre-authorization means that initially only a payment guarantee is obtained for a specific amount by means of customer authentication. The payment is only triggered once the amount to be charged has been determined. This amount may be lower or higher than the amount originally authorized. Pre-authorization offers acceptance partners and girocard users greater girocard for a wide range of different payment transactions.
Pre-authorization protects hotels and restaurants against lost revenue due to last-minute cancellations or no-shows. When making a reservation, a no-show fee can be girocard via girocard , which is only actually charged if the reservation is not used. This minimizes the risk of loss for companies in the hospitality industry and improves planning security. Guests also benefit from pre-authorization, as they will no longer have to provide additional credit card information, but can girocard their payment as usual with girocard .
The flexibility associated with pre-authorization simplifies the deposit process in car rental. In the future, rental companies will be able to girocard a deposit via girocard when the vehicle is handed over, without the amount being debited from the customer's account immediately. When the vehicle is returned, the actual amount to be paid can be easily calculated, taking into account any damage or additional mileage. This simplifies the process for customers and provides additional security for rental companies.
In the tourism industry, installment payments in particular are creating new opportunities. In the future, tour operators will be able to girocard down payments for package tours via girocard and collect the remaining amount at a later date without customers having to present their card . This enables flexible payment models such as installment payments or staggered payments that meet the individual needs of travelers.
The growing flexibility in authorization will enable the implementation of entirely new payment models in the future—soon, recurring payments will also be able to girocard via girocard . This opens up new perspectives, particularly in the areas of subscriptions and memberships. Fitness studios and various clubs will be able to offer their customers a convenient and familiar payment method in the future without having to rely on direct debit or credit cards.
With the expansion of its areas of application, girocard is opening up girocard industries. Pre-authorization is one of many features that are girocard transforming girocard into a universal payment solution. The vision behind this is clear: girocard be used wherever payments are made. For a sustainable payment services that benefits everyone.
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