I have shared the best examples of Card on file transactions. Usually, Merchants will initiate these transactions.
List of Transactions.
|Installments||Deferred payment. Always referring to an INDIVIDUAL purchase, the amount of the several transactions is fixed, and with a definite time interval.|
Note: The amount is fixed
|Recurring||Recurring payment. The number of transactions can be fixed or variable, and with a defined time interval.|
Note: Amount can be Fixed or Variable
|ReauthorizationReauthorization||Normally before partial shipments. Also, when the client extends the stay in the hotel/rental of the vehicle or when, having an estimated authorization, the final amount is requested (“settlement”).|
|Resubmission||Original denied because of “balance”; only for certain sectors of activity (for more details check the regulations of the brands) and with a maximum number of days from the purchase. Relevant example:” Transport”.|
Notes: After the first transaction failed. Resubmission.
|Delayed||Those that happen after the transaction for services rendered/used unknown at the beginning. (Minibar, vehicle damage, fines ….)|
Note: Charges known at a later time.
|Incremental||When additional services are incurred during the contract period.|
Notes: Add on amount
|No Show||When the merchant charges services to which the owner committed, but then failed to comply with the agreed terms. Relevant example: unattended reservations at hotels without cancellation.|
Note: First reserved, but not used.