Point of Sale (POS) Glossary
Recurring transactions occur after a buyer authorizes a merchant to charge their credit or debit card regularly. A monthly cable bill or yearly magazine subscription are both examples of recurring transactions.
Recurring transactions do not require repeated permissions from the cardholder beyond the initial consent. A fitness club might process checkout at their store point of sale system for the first month of membership, but then subsequent months could be charged automatically if the customer agreed. POS or web approval is not needed for recurring transactions.
Some merchants will offer a free or low-cost trial of a product and then bill recurring transactions after the trial offer has been completed. Many banks will allow recurring transactions to continue, even after a card used to sign up has expired. They must eventually be canceled with the merchant or disputed to stop the charges.
See what separates ACID Point of Sale from the rest of the POS solutions.
Meet Magento Florida Feb 15-16 2023
It was great meeting all Adobe Magento industry professionals that attended Magento Meet Florida. The event was planned perfectly from sessions to solutions.
Meet us at Meet Magento (Feb 15th-16th) at Seminole Hard Rock Hotel in Miami, FL
This year we decided to attend Meet Magento in Miami, FL from Feb 15th-16th, 2023. It's a great opportunity for us to visit with some of our existing customers, and future partners.