11-05-2015, 15:22
An one off authorisation is a payment method where the collector receives permission from the buyer(authorisation) to transfer money from his account. This will be a one time transaction, after the transaction the authorisation expires.
A recurring authorisation is suitable for collecting rent, contribution etc. There are multiple authorisations active with this form. IBANC divides this type in 'First', 'Recurring' and 'Final'.
A recurring authorisation is suitable for collecting rent, contribution etc. There are multiple authorisations active with this form. IBANC divides this type in 'First', 'Recurring' and 'Final'.