ˆNote: these features are currently in beta. If you would like early access to holds and instalments, please contact us on email@example.com or via the pink chat bubble.
Payment holds and instalments are advanced payment tools available for Medipass customers using Medipass Card Payments.
- Holds: Reserve funds for up to 7 days. A hold will verify that a payment card is valid, and reserve the amount for up to 7 days. Unlike charging a payment card, a hold will not withdraw money from an account until you opt to process the charge. The cardholder will not be charged interest on a hold.
- Instalments: Split a charge by equal amounts over weeks or months. The first instalment payment is always completed when the cardholder enters a valid payment card and accepts the plan. Subsequent payments are then made using the same card details in a schedule determined by you.
This functionality is billed according to our pricing schedule, which can be found here.