Staggered payments allow the Online Registration user to pay for their total with multiple scheduled payments instead of the lump sum at once. This option is only available for credit card transactions.
Using this option, post-dated credit card transactions are authorized with your merchant account provider as per the pre-determined schedule(s) selected by the user. The user's credit card is automatically charged equal payments on the dates specified by the schedule.
For example, if the user's total is $1000.00 and the schedule specifies 4 payment dates, then $250.00 will automatically be charged on each payment date.