What is a Delayed Delivery Transaction?

Delayed delivery transactionWhat does delayed delivery transaction mean?

A transaction where there is a delay in the receipt of goods after they have been purchased by the buyer. In general, as soon as the
goods in question have been paid for they will be dispatched to the customer. In order for goods to be dispatched the payment must be authorized and the money to pay for the transaction must have been captured by the issuing bank.

A delayed delivery transaction will occur when more than one receipt of payment is needed before goods will be dispatched. For example, a customer may pay a deposit on goods that he is purchasing, completing the rest of the payment at a further date. For example, if you book a holiday online you will be required to make a deposit and complete the payment at a later date before traveling; your e-tickets will not be issued to you until you have paid the entire amount pending.

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