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EFT Payments vs Cryptocurrency Payments Cryptocurrency payments utilize decentralized digital currencies like Bitcoin or Ethereum, which operate on blockchain technology. At Stax, not only do we provide the tools you’ll need, but we’re also committed to providing useful information to help you stay informed. Are EFT Payments Safe?
TL;DR Recurring payments refer to a financial arrangement where a customer authorizes a business to charge their account at regular intervals for products or services. There are a few types of recurring payments to be aware of, which one your business uses will depend on the businessmodel and need for recurring or automatic payments.
Direct debit A direct debit is a payment method where your customer authorizes your business to withdraw a specific amount from their bank account at pre-determined intervals over a period. It’s a recurring form of payment perfect for businesses using a subscription businessmodel.
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