Summary

Tokenization refers to a transaction where the card information is securely stored and used again in the future. Most often this is used for repeat purchases where the amount and the frequency is always the same such as a monthly subscription or a rental. Another use for tokenization is for “as needed” transactions that are less regular such as keeping a card on file with a hair salon or barber.

Availability

Some features, like Tokenization, are available on the PayFac but may not be available to all Brands. This may be due to additional integration work that might be required and/or other factors such as customer demand, dev priorities, or more. In this case, see the table below for which brands have access to this feature as of this moment.

<aside> 💡 Note: Tokenization requires additional development to implement. Please have a supervisor speak with your local Product team if you feel this feature may be of interest to your industry or Brand and we can get it enabled.

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Processor

App Version

Tokenization is available on all app versions.

Additional Details

Tokens are a secure way of storing card information. Tokens have two parts, one that the processor can see and one that the platform/merchant can see.

A card may be tokenized in-store in which case that first transaction will be considered ‘Card Present’ but subsequent transactions will all be ‘Card Not Present’ since the card is no longer physically in the store when processing the transaction. This means the corresponding fees will be charged.