Payment Plans
Receive the payments the way you want it.
Once the Pricing Logic calculates the premium, the customers will need to go through a payment process to bind the offer into a policy. This is where the Payment Plan kicks in.
The Payment Plan defines how the payment should be taken and by which payment provider for your product. This includes a 2-step setup. Firstly, to define what type of payment the product supports, e.g. Single Payment (one-off payment, usually taken upon policy purchase) or Recurring Payment (repeated payment based on a fixed frequency). Secondly, to define which payment provider and method should process the payments.
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