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Pedido anticipado vs. preorden vs. precompra

In Spanish, the terms pedido anticipado, preorden, and precompra all refer to the act of securing a product before its official release. While they are often interchangeable, the choice of word depends on the level of formality, the specific industry (such as gaming or real estate), and the region.

Pedido anticipado

B2
This is the most standard and descriptive way to say pre-order. It translates to advance order and focuses on the logistics of requesting an item before it is in stock. It is formal and used widely in general e-commerce and official business communications.
El nuevo álbum de la banda ya está disponible para pedido anticipado.
(The band's new album is now available for pre-order.)
Si hace un pedido anticipado hoy, el envío será gratuito.
(If you place a pre-order today, shipping will be free.)
La tienda no cobra el pedido anticipado hasta que se envía el producto.
(The store does not charge for the pre-order until the product is shipped.)

Preorden

B2
This word is an anglicism directly adapted from the English pre-order. It is extremely common in Latin America and within the technology and video game industries. While purists might prefer pedido anticipado, preorden is the standard term used by gamers and tech enthusiasts.
Hice la preorden de la consola de videojuegos hace tres meses.
(I placed the pre-order for the video game console three months ago.)
Los bonos de preorden incluyen un mapa exclusivo y dos personajes extra.
(The pre-order bonuses include an exclusive map and two extra characters.)
Apple anunció la fecha de preorden para su nuevo teléfono.
(Apple announced the pre-order date for their new phone.)

Precompra

B2
Literally translating to pre-purchase, this term emphasizes the financial transaction rather than just the reservation. It implies that you are paying for the good in advance. It is frequently used in digital marketplaces (like Steam) or in real estate (buying a property before it is built).
La precompra de departamentos en este edificio ofrece un descuento significativo.
(The pre-order (buying off-plan) of apartments in this building offers a significant discount.)
Gracias a la precompra, pude descargar el juego antes del lanzamiento.
(Thanks to the pre-purchase, I was able to download the game before the launch.)
No se permiten devoluciones en la precompra de entradas digitales.
(Returns are not allowed on the pre-purchase of digital tickets.)

Summary

Use pedido anticipado for general, formal situations or standard online shopping. Use preorden mostly in Latin America or when discussing technology and video games. Use precompra when you want to highlight that the payment is being made immediately to secure the item, such as in real estate or digital software downloads.