Scroll Top

search-icon
    drop-arrow

    Authorization Date

    Introduction

    Authorisation date is a term that refers to the month, day, and year in which a transaction made using a credit card is approved by the credit card issuer. The authorisation date need not always be the same as the transaction date.

    How Does Authorisation Date Work?

    If the merchant processes the credit card transaction as soon as the sale is made, the authorisation date remains the same as the transaction date. Instead, if the merchant uses batch processing, the authorisation date might be a day or two later.

    Why Authorization Date is Important?

    Authorisation acts as the first step in credit card transaction processing. When an individual swipes the credit card at a merchant's console, the transaction information will be submitted to an acquirer. An acquirer is a financial institution that processes credit card transactions. The acquirer determines if the card has enough credit available, if the card is active, and if it is reported stolen or not before authorising.

    Popular Topics

    Latest Articles

    Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

    Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

    CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

    Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

    Cleartax is a product by Defmacro Software Pvt. Ltd.

    Company PolicyTerms of use

    ISO

    ISO 27001

    Data Center

    SSL

    SSL Certified Site

    128-bit encryption