Guest Mark Weigl Posted July 15, 2008 Share Posted July 15, 2008 With my June Merchant Statement I had a notice that the presentation timeframe for Mastercard will be changed from 30 to 7 days. It stated to settle within 7 days or you could likely be subject to chargebacks for late presentment. They recommend to protect against chargebacks to settle promptly and if that is not possible to obtain a new authorization. Most of the time I plan to settle promptly but there may be cases that it may be delayed and even cases where it could be delayed beyond 7 days. How is the best way to handle this? Does VISA or Discover have a similar policy? Most of all, if I have to go beyond 7 days how do I obtain a new authorization? Do I have to refund the purchase and then have the person pay again or can I somehow simply refund and do the payment again myself or even just simply somehow select reauthorize? I am fairly new to this so I'm confused as to the best way to do this. Quote Link to comment Share on other sites More sharing options...
Guest Posted July 15, 2008 Share Posted July 15, 2008 If an authorization expires, you have to recharge the card from scratch. Best not to charge the card until you are ready to do so. Quote Link to comment Share on other sites More sharing options...
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