When users make payments on Diversity Sync'd, the token stored on our servers is sent to Stripe. Stripe matches the token to the correct card and processes the payment. The charge is executed and the money is moved from the customer's account to Diversity Sync'd.
An authorization charge will be initiated upon account creation.
An authorization charge will be initiated upon account creation.
A card authorization charge is a temporary charge made to a credit or debit card to verify its validity. The authorization charge may appear on your statement, but is typically refunded back to your account after a short period.
This charge is not a permanent transaction and is purely a safety measure taken by online businesses to protect against fraudulent activity.
When a user signs up for a Diversity Sync'd account and enters their card details, Stripe initiates an authorization charge. The specific amount charged is typically nominal ($1) and serves as a test to validate the card's legitimacy and the account holder's ability to execute transactions.
After the authorization charge is made, it's usually reversed within a few days. It's important to note that the authorization charge's timing and refund process can depend on the user's bank policies.
The authorization charge upon account creation is a critical step in ensuring the security and integrity of the platform. It provides an important layer of protection for both the user and Diversity Sync'd, helping to facilitate a safe, trustworthy, and seamless experience.
Diversity Sync'd implements an authorization charge for a few reasons:
Card Verification: The authorization charge confirms that the card number provided by the user is genuine and the card is in good standing. This helps prevent fraudulent activity and ensures the card is operational for future transactions on Diversity Sync'd.
User Verification: This process also helps verify the user's identity. If the card is valid and the charge is successful, it suggests that the user has access to a legitimate payment method.
Protection Against Fraud: The authorization charge acts as a safeguard against fraudulent activities. It assists in mitigating risks related to stolen card information and reduces the potential for illegitimate transactions on Diversity Sync'd.
Ensuring Future Transaction Success: The process allows Diversity Sync'd to confirm that future transactions can be processed successfully. It helps avoid any potential disruption to the services due to invalid or expired cards.