"Re-occurring" or "Series" Account Billing
Anyone willing to share information on "Re-occurring" or "Series" Accounts?
How long does these accounts stay open? Are they discharged at the end of the month or allowed to remain open for longer period of time?
How often are the accounts billed? Daily or at the end of each month?
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We have a year maximum. Accounts are either discharged manually or discharged automatically after a period of no activity. And we bill monthly.
Our recurring accounts trigger a new recurring account as long as there is activity. They are billed after the 5th of the next month. Our accounts also stay open until there is no activity or are manually discharged.