Auto Payment

A payment that is made on a recurring basis without the need for the payer to manually authorize each transaction.

More Details

Auto payment, also known as automatic billing or automatic payment, is a feature that allows a person to set up regular payments for bills or other expenses. With auto payment, a person can specify the amount and frequency of the payment, and the payment will be automatically debited from their bank account or charged to their credit card on the specified date.

Example

Instead of signing into a credit account to manually add payment information and submit payment each month, you could set up auto payment so the payment amount is deducted from your bank account each month, leaving your credit card in good standing.

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