Payment definition glossary
What is deferred payment?
Deferred payment is when the merchant obtains bank authorization while holding the settlement process so additional customer checks can be made prior to receiving payment.
NETBANX offers deferred payments
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.
