Can I take deposits?

In some cases, businesses may require delayed delivery transactions or a cardholder deposit toward the full amount of a sale. In these cases, deposit transactions and future delivery transactions should be separate transactions from final sale.

We advise noting receipts with “deposit” for any deposit transactions and “balance” or “pay-off” for the final transaction to pay off the balance of the original sale. Where possible, it is recommended to obtain the cardholder’s signature, agreement to terms, contracts, etc., that outline the terms of the sale and payments associated with the sale.