Recurring Billing definition
Examples of Recurring Billing in a sentence
Following these checks, the applicable updated Card Data relating to your customers, if any, is processed and stored by PayPal at your direction and on your behalf to enable you to accept Recurring Billing, Recurring Payments, or other eligible transactions using the Products from its customers with the applicable updated Card Data.
You shall also provide adequate disclosures to make clear to customers that if they do not want their applicable Card Data updated, they may request you to remove their Card that is being stored by PayPal and/or terminate their Recurring Billing or Recurring Payments agreement with you.
You must discontinue the Recurring Billing Charges immediately if requested to do so by a Cardmember directly, or through us or the Card issuer.
If a Card account is cancelled, or if a Cardmember directly (or through us or the Card issuer) withdraws consent to Recurring Billing Charges, you are responsible for arranging another form of payment (as applicable) with the Cardmember (or former Cardmember).
Nothing in this paragraph shall prejudice our Chargeback rights generally in relation to Recurring Billing Charges.
You must retain evidence of such consent for two (2) years from the date you submit the last Recurring Billing Charge.
Prepaid Cards should not be accepted for Recurring Billing Charges.
You must obtain a Continuous Authority Form before submitting the Recurring Billing Charge.
The Charge Record should include indicators that the Charge is a Recurring Billing Charge and not a Digital Wallet Application-initiated Transaction.
You must retain evidence of such consent for eighteen (18) months from the date you submit the last Recurring Billing Charge.