payment authorization

**Payment Authorization**

Payment authorization is the process of verifying and approving a payment transaction before the funds are transferred. It ensures that the payer has sufficient funds or credit, and that the transaction is legitimate and secure. In e-commerce and online payment systems, payment authorization helps prevent fraud and chargebacks by confirming the validity of the payment method used. This tag is used for content related to payment processing, securing transactions, merchant services, and financial approval workflows.