Preapproved Payment definition
Preapproved Payment means a payment in which the recipient is provided advance Authorization to debit the sender’s Account directly on a one-time, regular, or sporadic basis in accordance with the recipient’s agreement with the sender. Preapproved Payments are sometimes called "subscriptions", “automatic payments”, “automatic billing” or "recurring payments."
Preapproved Payment means a payment in which the recipient is provided advance Authorization to debit the sender’s Account directlyon a one-time, regular, or sporadic basis in accordance with the recipient’s agreement with the sender. Preapproved Payments are sometimes called "subscriptions", “automatic payments”, “automatic billing” or "recurring payments."
Preapproved Payment has the definition provided in Section 2.6 of this Agreement.