Understanding mobile payments terminology

[@rsrik73]

Hi, I watched all your videos on this topic, and want to express my Appreciation as well as Thanks!

[@ankitainfosys]

you mentioned that pre-auth validity is 3 days. So when we stay at hotel for a week, the pre-auth is done on Day 1, how do they manage 3 day validity here? they must be doing pre-auth for the full time of stay, so they repeat pre-auth every 3 days?

[@stellagaunson763]

Very Good & much Great. You are successful because you share all the Knowledge you know with others. That’s a Great sign! Good Luck. #merchantstronghold

[@ankitainfosys]

what is the difference between chargeback and refund? both seem to be same

[@salahdahleh3263]

please if you can explain what is the difference between the pre-auth and authorization and sale

[@SurfviewTV]

Did "Payout" ever get talked about? I don't see a light-blue check mark next to it at the end.

[@defenderprizes7082]

Thanks a good overview of the terms. I think you forgot to talk about "settlement" though.

[@katerinaa9344]

Thank you for a great channel! a lot of useful information!

[@shridharp9995]

Bro I work for a compnay as an engineer which has virtual cards , their software communicates with processors and those processors communicate with visa ,mastercard , amex,discover due to this I am quite confused of concepts in my company and fallback while doing the work , I really wanna know more about processors and their internal mechanisms , please guide me on this I need to learn I am helpless in my company

[@fabianminov7054]

very helpfull, i learned a lot in this 15 minutes. Greetings from germany

[@clariceannliew3347]

What happened to you? No longer with Judopay? Btw, PCI is Payments Card Industry, not "Council". :p

[@AN-us2en]

PCI = Payment Card Industry, not council..

[@murloc8973]

Can you name examples of acquires?

[@edwardwillmon7995]

This is great video informative and useful #chargebackexpertz

[@FieldhouseGames]

amazing thanks