What is a Delayed Delivery Transaction?

de - layed de - liv - er - y trans - ac - tion
noun
A Transaction in which a buyer does not receive a good or service immediately at the time of purchase.
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For more information, read "The Payments System Simplified"
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How Does a Delayed Delivery Transaction Work?
A Delayed Delivery Transaction occurs when a cardholder completes two separate Transaction Receipts. The first Receipt functions as a deposit — such as a down payment—for goods or services. The second receipt is to pay the remaining balance due to the Merchant.