#29unit 2e commerce payment system
Digital Accumulating balance payment system
Accumulating small charges into a single debit.
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Accumulating balance payment flow
Many small charges are aggregated into a single periodic debit.
The consumer makes many small purchases over a period. Each charge is recorded in an accumulating ledger rather than immediately charged. At the end of the period, the ledger total is debited from the consumer's card or bank account as a single aggregated transaction, avoiding many small per-transaction fees.
Explanation: The consumer makes many small purchases over a period. Each charge is recorded in an accumulating ledger rather than immediately charged. At the end of the period, the ledger total is debited from the consumer's card or bank account as a single aggregated transaction, avoiding many small per-transaction fees.