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It is the process for closing the transaction for which pre-authorization is received. Closing transaction is the transaction that ensures the accounting of the amount blocked on the card. The settlement amount can be greater or less than the pre-authorization amount. According to the workplace parameters, a certain margin is allowed by the guarantee. For settlements outside this margin, 13 invalid amount error is received. The authorization on the card is deducted after 15 days. For settlements made after this period, if the card limit is available, the settlement transaction can be made. Otherwise, the transaction will receive an insufficient limit error.
It is the process for closing the transaction for which pre-authorization is received. Closing transaction is the transaction that ensures the accounting of the amount blocked on the card. The settlement amount can be greater or less than the pre-authorization amount. According to the workplace parameters, a certain margin is allowed by the guarantee. For settlements outside this margin, 13 invalid amount error is received. The authorization on the card is deducted after 15 days. For settlements made after this period, if the card limit is available, the settlement transaction can be made. Otherwise, the transaction will receive an insufficient limit error.
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