Payment Intent for Stripe (Incremental Authorizations)
What are Incremental Authotizations?
Incremental Authorizations allow us to seamlessly make order edits with the credit cards used by customers without having to RE-authorize new transactions with the bank.
This feature will be enabled for all clients, MasterCard, Visa and Discover are covered by this.
American Express is not covered under this new system and will work the same way as it did before.
There are several reasons why this approach and system works way better than the previous approaches with Credit Cards transactions.
As seen in the picture below we had to VOID any credit card charges if customers wanted to add any additional items to their order or if they wanted to leave a bigger tip for the driver or restaurant staff.
This resulted in multiple authorizations and charges that are being held by the bank and customers most of the time prefer that not to be the case.
With the implementation of Incremental Authorizations, we can add additional funds without having to VOID or create new transactions on the customer’s credit card.
As you can see orders 6509 and 6510 have an incremental authorization added to them and it simply just works on the existing transaction.
This approach greatly increases customer satisfaction and allows you to create better experiences for your new and existing customer.
Keywords:
Stripe incremental authorizations
Stripe payment intent
Multiple authorizations for Stripe credit card transactions