Authorize & capture
Written By Zemtu
Last updated 15 days ago
Overview
Zemtu billing → Invoicing parties → edit Invoicing party → open Tab Stripe configurations
We ensure you receive the payment for trips by using Authorize & Capture for credit cards. Before the trip, we place a hold on the user's credit card for the estimated fees. Once the reservation is complete, we capture the actual invoice amount from the user's credit card.
Learn more about the process directly from Stripe here
💡 Your Zemtu customer success manager will adjust these settings for you.
Examples
Example 1: Carsharing with fees for mileage and duration
Minimum amount + additional fixed amount ensures that the provider can cover the actual expenses incurred as far as possible. The final reservation cost may exceed the estimated amount. Setting an additional fixed amount ensures that the full amount will be authorized on the initial try in most cases.
Example 2: Rental with miles included
We use the vehicle and user specific reservation rates to estimate how much the entire trip will cost. An amount is calculated according to the reservation duration (→ check cost calculator when placing a reservation). If the calculated amount is less than the minimum amount, we will still block the minimum amount. If the estimated costs are higher, we will authorize an amount that matches the estimated trip cost.
Explanations
Payment delay
The capturing takes place after the payment delay. By defining a payment delay you will have time to intervene and stop an invalid payment transaction. The payment delay can also be 0, which means that the capturing happens immediately.
Dynamic reservation calculation
Pre-authorize estimated reservation cost based on the user's rate plan and the mileage inputs below.
👇 The following options are only considered when dynamic reservation calculation is enabled.
Additional fixed amount
It’s a fixed net amount added on top of the estimated reservation cost. It only makes sense in combination with the dynamic reservation calculation.
Minimum mileage per reservation
Minimum distance [mi] per reservation considered for reservation fee calculation.
Average hourly mileage
Estimated average distance [mi] driven per hour during a reservation.
Skip authorization for zero-amount calculated reservation fee
When enabled, the additional fee and minimum authorize amount will be skipped.