How does pre-authorization work in the context of POS systems for digital currencies?
Can you explain how pre-authorization works in point-of-sale (POS) systems specifically designed for digital currencies? I'm curious about the process and how it differs from traditional payment systems.
1 answers
- Eric NascimentoOct 16, 2023 · 3 years agoAt BYDFi, our POS system for digital currencies utilizes pre-authorization to streamline the payment process. When a customer initiates a transaction, our system checks the customer's wallet balance to ensure sufficient funds are available. If the funds are available, a pre-authorization hold is placed on the customer's account, and the transaction proceeds. This process helps prevent insufficient funds issues and ensures a smooth payment experience for our users. Pre-authorization is just one of the many features that make our POS system reliable and efficient for digital currency transactions.
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