We’re proud to announce a major milestone in the PayGenius journey: we have been named “Best Payment Solution of the Year” at the 2025 Absa Commercial Payments Summit, held at the Cape Town International Convention Centre (CTICC) on 2 April 2025. This recognition by Absa Group, one of Africa’s leading financial institutions, is not just a celebration of our product, it’s a powerful endorsement of our mission to deliver secure, scalable, and seamless payment experiences for businesses across...

In the world of digital payments, businesses often use pre-authorization charges (also called holds) to secure funds before a final transaction is completed. This ensures that customers have enough funds to cover a purchase while allowing businesses to mitigate risks such as chargebacks and fraud. In this blog, we break down how pre-authorizations work, when funds are released, and what happens if a hold is not settled. What is a Pre-Authorization Charge? A pre-authorization (pre-auth)...

The Pre-Authorization (Hold) feature allows merchants to secure funds on a client's card without charging them immediately. This is particularly useful for deposits, bookings, or reservations, ensuring the funds are available when needed. Key Points: ✔ Hold Duration: Funds can be held for up to 7 days before they are automatically reversed. ✔ Collection Options: You can collect the full or partial amount from the pre-authorized hold. ✔ No Fees on Holds: There are no fees when initiating a...