Payments definitions glossary
What is deferred billing?
Deferred billing is when the merchant obtains bank authorization whilst holding the settlement process so additional customer checks can be made prior to receiving payment.
NETBANX offers deferred billing
At NETBANX we provide this additional safeguard, permitting you to vet orders and decide whether to accept a payment, reducing the risk of fraudulent transactions on your site.
Find out more about our leading fraud and security technology for online businesses. Contact NETBANX today.
More payment definitions
Asking yourself “what is PCI compliance”? Find out about more payment terminology from our payments glossary.
