Do you take bookings in your business? There's a simple payment solution that can significantly minimise your risk of no-shows and fraudulent bookings: Account Verify.
In today's fast-paced hospitality industry, efficiency and security are more important than ever. With Account Verify, you can streamline your booking process, minimise fraud, and save valuable time and resources. By leveraging the power of real-time credit card verification, you can focus on providing exceptional service to your guests while enjoying greater peace of mind knowing that your business is protected against fraudulent activity.
What is Account Verify?
Account Verify allows you to verify the validity of a credit card without applying a hold to funds on the card. You can manually enter the card details to confirm the card, which means you can use even use Account Verify to confirm a credit card used to make an online booking. With Account Verify, you can instantly confirm a card is not blocked due to being stolen, helping you prevent fraudulent bookings and minimise the risk of chargebacks.
How Does Account Verify Work?
When a customer books online they typically provide credit card information to secure their booking. With Account Verify, you can quickly and easily validate this information in real-time on your Android EFTPOS terminal, ensuring that the credit card is valid. If the card is valid you'll receive instant confirmation allowing you to proceed with the booking process. If the card is invalid or flagged for suspicious activity, you can take appropriate action.
The Benefits of Account Verify
Scheme Compliance: Some businesses process a $1 credit card pre-authorisation to verify a card. This is not recommended as it violates scheme (Visa, Mastercard etc) rules. Account Verify allows businesses to confirm the validity of a card without breaking the rules.
Reduced Risk: By verifying credit card information upfront, you can significantly reduce the risk of lost revenue due to fraudulent bookings or payment disputes. Account Verify helps you identify potential red flags before they become costly problems, saving you time and money in the long run.
Enhanced Security: By verifying credit card information at the time of booking, Account Verify helps protect your business from fraudulent activity and chargebacks. This added layer of security gives you peace of mind knowing that you're only accepting legitimate bookings from genuine customers.
Streamlined Booking Process: It's quick and easy to process an Account Verify transaction, so it won't hold up your booking process. With Account Verify, you can streamline your online booking process, ensuring that bookings are confirmed quickly and efficiently.
Get Started
Getting started with Account Verify is quick and easy. Account Verify functionality comes with Credit Card Pre-Authorisation on Android EFTPOS. Learn more about Credit card pre-authorisation on our Help Centre.
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