1a obsolete : reward or punishment dueb : the qualities or actions that constitute the basis of one's deserts Opinions of his merit vary.c : a praiseworthy quality : virtue but originality, as it is one of the highest, is also one of the rarest, of merits â E. A. Poed : character or conduct deserving reward, honor, or esteem; also : achievement ...
When you use your Debit Card for a purchase and use the card as credit, the merchant will request an approval or âauthorizationâ for the transaction. The authorization confirms that an account is open and the purchase amount is approved at the time of request. Many merchants request an authorization for the exact amount. However, some merchants send an amount as low as $1 for authorization. Each authorization will show as a pending transaction.
Authorization. Any purchase made with a credit or debit card via a payment gateway must first be authorized by the credit card issuer. The payment gateway checks that the credit card is acceptable. The gateway affords you a secure link between you, your customer and your credit card processor.ith an Internet payment gateway, an unlimited number of users can use the gateway at the same time, unlike a terminal or software solution where only one customer at a time can check out, or one operator can enter transactions at a time.