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What is the difference between an one off and a recurring authorisation?
#1
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'.
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