Why does my bank statement show a Recurring Charge?

Recurring charge is a credit card/ bank term for vendors who have deferred payment options.  The charge is 1 time, but will be paid at a later time - which by their standards, falls under a recurring charge of 1.  

We do not have, nor do we offer, sequential payment structure - but we do offer deferred payment where you sign up "today" but the card will be charged at a later time - usually closer to the date of the event.  

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