This section describes "normal timing," "unavailable date timing," for monthly billing.
a. Normal Timing
The following is an example of normal payment timing:
The recurring term is:
o $34.00 a month
The Customer signs up on May 1, and is billed as follows:
o May 1 = $34.00
o June 1 = $34.00
o July 1 = $34.00
o ...and so on
b. Unavailable Date Timing
If you have a recurring billing payment scheduled for a day that does not occur in a given month (e.g. the 30th does not occur in February), the bill will occur on the last available day of the month. Thereafter, the payment will occur on the newly established day of the month (see example below).
The following is an example of unavailable date timing:
The recurring term is:
o $34.00 per month
The customer signs up on Jan. 30, and is billed as follows:
o Jan. 30 = $34.00
o Feb. 28 = $34.00
o Mar. 28 = $34.00
o ...and so on
0 Comments