Transactions that need to be paid at regular intervals are defined in the system in such a way that only the installment amount blocks the credit card limit; these are called recurring transactions.
Customer consent is required for recurring transactions. For example, transactions such as subscription systems and automatic bill payments fall within the scope of recurring transactions.
Could you elaborate a bit more on recurring transactions?
For recurring transactions;
- The transaction must be paid periodically.
- The card limit is not meant to be blocked.
For example, if Mr. Ali pays a 1,500 TL insurance payment in 10 installments, the card limit is blocked for 1,500 TL and the customer pays the transaction in 10 equal installments of 150 TL. In this case, the card's limit is blocked for 1,500 TL. The customer's available card limit is reduced by 1,500 TL.
If the same transaction is made as recurring;
150 TL is charged from the card. A payment plan is created for the remaining 9 installments. The card's available limit is reduced by 150 TL. Each month, 150 TL is charged from the card until a total of 1,500 TL has been collected. In this case, the customer's card limit is blocked by 150 TL each month. This way, the customer experiences fewer potential limit issues with their card.
