Glossary
What do the technical terms mean
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Payment does not have to be complicated. However, there are technical terms that are often not common.
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Recurring
Recurring Billing is a recurring invoicing. A payment in which a cardholder agrees in writing that his card account will be debited at a later date with one or more charges for physical or digital goods.
Examples
Examples include newspaper archives, downloadable software, music, games, e-books, and digital downloads. Apple's App Store also uses the subscription billing service for the distribution of its mobile apps.