ECNETNews reports that a highly anticipated new feature has been launched, allowing users to schedule one-time and recurring payments seamlessly.
This innovative functionality aims to streamline the management of regular expenses, including rent, utilities, and shared costs among friends and family.
The new scheduling option enhances user experience by automating the transaction process, making it simpler to handle consistent payments.
“We understand that many users regularly make payments for expenses such as rent or utilities,” said a spokesperson from the company. “We’re thrilled to unveil this much-requested feature that simplifies setting up and managing both one-time and recurring payments, reinforcing our dedication to providing the best possible P2P experiences.”
How to Set Up One-Time or Recurring Payments and Requests
Users can set up payments and requests easily by following these steps:
- Select the “Pay/Request” option.
- Confirm the payment recipient.
- Tap the “Schedule” button.
- Choose the frequency and dates for the payment (monthly, weekly, or bi-weekly).
- Tap “Save.”
- Confirm the payment amount.
- Tap “Pay.”
- Select “Schedule Payment.”
The platform will utilize the user’s available balance to fund the scheduled payment. If the balance is inadequate, it will draw funds from a linked bank account, debit card, or credit card. Users will receive email and push notifications one day prior to the scheduled payment, and they can access upcoming payments or cancel a scheduled payment through the app’s settings.
Users can also schedule payment requests following a similar procedure. Recipients of these requests will receive reminder notifications the day before the payment deadline.
Availability
This new scheduling feature is currently being rolled out and will soon be accessible to all users.
