That sounds like a bit of a mouthful but what it is, is the CES equivalent of a regular bank debit order.
If you, as a provider or seller, require the account of a recipient or buyer to be regularly debited against your account, you can set up an automated, repeating transaction.
This could be used, for example, to debit the Talent account of a tenant who is renting accommodation from you.
You can choose between daily, weekly, monthly, quarterly, bi-annual or annual frequencies for the transactions to occur. This allows the feature to be used for a wide range of applications, such as the annual debiting of customers or clients who are receiving an ongoing service from you or for a single transaction to be entered on a specific date in the future.
The feature is available from both the mobile and desktop interfaces. On the desktop interface, log in and then mouse over the [Trading] button and select Transaction Scheduler from the drop-down menu. On the mobile interface, log in and then select Transactions. Under that, you will see Transaction Scheduler.
Fill in the requested details and select a time period. After saving, the transaction will be automatically entered by the server at the frequency you chose. By choosing the Annually frequency, you can select a date for the action. If you choose an end date that is after the chosen date, you can use this to trigger a once-off transaction in the future.
It is possible to set a start date, an end date and to activate/deactivate the scheduled action at any time. Although entered automatically by the server, the transactions are the same as hand-entered ones and the seller/provider can edit and delete them in the same way as “normal” transactions.