Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the difference between an on-demand bill payment and a recurring payment?

on-demand payment recurring
0
Posted

What is the difference between an on-demand bill payment and a recurring payment?

0

An on-demand payment is a one-time payment such as your telephone bill where the amount fluctuates each time. It may also be a payment you do not make regularly. A recurring payment is one made regularly for the same dollar amount on the same day each month, such as your car or mortgage payment. You need only to set up a recurring payment once in the system and only modify it when the payment is to be changed or canceled. Otherwise, your recurring payments will be made automatically.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123