Tag: installment payments

A recurring or installment payment plan exists when a series of charges, either of a fixed or variable amount, are paid over a period of time....

All Discover card transactions need to be authorized; authorizations are valid for 90 days and can be obtained electronically or over the telephone....

Installment payment plans are set up when a single purchase is billed to an account in multiple segments (installments), over a period of time....

Recurring payment plans exist when multiple transactions are processed at predetermined intervals for products or services that are provided over time....