Beating a Dead Horse but it needs to be: Preauthorization

Anyone found a processor without monthly subscription fee (flat per transaction rate only) that works with invoicing? (and obviously does holds/preauth)

Not that there aren't enough comments already asking for the feature to do pre-authorization with open tabs, but this is why we left square for another POS.  Don't really love the other one but it does do the pre-authorization.  After being gone from square for a few years, I thought I'd check back to see if maybe this had been FINALLY added.  I see it is not even marked on the roadmap.  This is an essential feature for most bars (or tasting rooms in our case).  How can you keep ignoring this cry?

It IS FOR SURE COMING!! 🙂 they’re running beta testing on it now, so hang in there, I almost switched, glad I didn’t because I really do like the company but this definitely has been and issue that’s cost me hundreds of $$. Hopefully testing goes well and it rolls out soon 🙂

I did get signed up for the beta of Square Restaurants to get the new pre-auth feature (currently not using Square Restaurants but was willing to make the switch) but haven't implemented as we have a Square Register and the beta version can't run on Square Register and tickets opened on the beta version won't sync with the non-beta version. And since we have multiple devices not having tickets sync meant we decided to hold off. Hoping this comes out of beta soon!

Update:

If you are a Costco Executive member ($120 per year?, gives you 2% cashback on Costco purchases and they will refund the difference to regular $60 per year membership if you don't earn enough, which comes down to spending $3,000+ per year), their credit card processing partner, Elavon has the service called Converge. $149 application fee and $20 per month (both are discounted prices for Costco Executive members) gives you access to 1.90%+$0.25 processing fees (Amex is 1.99%) and you can do preauthorization holds using both their POS terminals and online invoicing. No contracts.

With the economy going to s**t, I am not going to sign up for that service right away and will do my due diligence first and make sure I can save enough in transaction fees to justify the monthly fee, but mind you, I am in lodging business and credit card transactions happen only now and then. 

For those that have storefronts and have decent daily volume of sales, above solution should be checked right away. Let me know if you need a contact info with the sales rep that sent me that info. When I originally called them, that rep was clueless but after a week or so, another rep reached out to me by email and then by phone call.

It looks like the most recent comment on this topic was in April 2023.  Four months later, now in August, does anyone know of any progress?  I'm absolutely baffled by this.

There is a beta test going on right now but it is slow and go. Having been part of it, I can't see the pre-auth features being completed this year. I had to step away from beta test because the errors and issues to overcome were to disruptive to my business. 

@Reneesbars Are you in the Beta? Is there an ETA?