I know that Vantiv will do an automatic authorization reversal for partial captures on VISA, but are there other situations where an authorization reversal is automatically performed?
I know that Vantiv will do an automatic authorization reversal for partial captures on VISA, but are there other situations where an authorization reversal is automatically performed?
eCommerce
I believe that we started to do it for MasterCard as well, when they added the unused Auth fee. In Visa's case we always did it because you get a better Interchange if the Auth and Capture match. Those are the only cases of which I am aware.
The eCommerce platform also supports a feature that can be enabled to automatically reverse authorizations for a specific dollar amount. The standard use case is if a customer seeks to perform a validation authorization (i.e. $1 auth), but wants to avoid the misuse fees for not capturing that auth, the auto auth reversal feature, when enabled, will reverse the authorization.
To best answer your question, can you let us know what Vantiv platform you are integrating to?