Pre-authorization on credit cards

myPOS offers a pre-authorisation functionality predominantly for hotels, motels, B&Bs, hostels, camping sites, boat rentals, car rentals and others. By pre-authorising a credit card, you can be sure that the credit card that is used is valid and you can put a temporary hold/block on the amount needed. The term for which a pre-authorisation amount could be blocked is up to 30 days. This way, you can always be sure that you will receive your payment. The pre-authorisation functionality must not be used for loss, damage or theft charges. You may perform a separate transaction for this, if necessary.