Quick Answer: What Does Authorization Code Mean?

A code or password that identifies the user as authorized to complete a transaction.

For example, a merchant usually receives an authorization code to confirm that a credit card purchase has been approved.

What is an authorization code?

An auth code (short for authorization code) is a unique string of random letters and numbers assigned to a domain. When you transfer a domain to another registrar, its auth code is required to start the transfer.

What is a payment authorization code?

An authorization code is a six digit alphanumeric code which is generated after making a transaction. You need to contact your Bank / Card provider for helping you with the Authorization Code specific to the transaction date and amount.16 Mar 2016

How do I find my 6 digit authorization code?

Call the bank’s number on the back of the card. You do so and the “card authorization center” gives you a six digit authorization code. You enter the authorization code into your POS terminal and get an approval. The customer drives off with the car (and the card).2 Jun 2011

What is a bank authorization?

Authorization hold (also card authorization, preauthorization, or preauth) is the practice within the banking industry of verifying electronic transactions initiated with a debit card or credit card and rendering this balance as unavailable until either the merchant clears the transaction, also called settlement, or