The Deposit Preauthorized PayIn object
Description
The Deposit Preauthorized PayIn object represents a request to capture funds previously authorized with a Deposit Preauthorization object.
The preauthorized pay-in must:
- Have the same
PaymentTypeas the deposit preauthorization - Be of an amount equal to or less than the preauthorized amount
- Be captured within 29.5 days of a successful authorization (3 days recommended for PayPal)
Note – Disclaimer about terminology
The use of the term “deposit” in this feature is for convenience only and does not constitute a traditional banking deposit under applicable banking regulations, including the EU Capital Requirements Directive (Directive 2013/36/EU) or the Deposit Guarantee Schemes Directive (Directive 2014/49/EU). Accordingly, these funds are not covered by any statutory deposit protection schemes, and Mangopay does not operate as a licensed banking institution.