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Enable automatic charging for the system and define additional automatic charge settings for the whole account. This is done at the configuration level.
Set up integration with a payment processing services provider in the system.
To be able to use the functionality, there must be For each specific loan, automatic charging will work only if there is at least one default payment processing method (s), i.e. defined for the customer. This can be a bank account or a bank card to the loan details. ( Subject to the system settings bank account may require verification).
As soon as this has been done, the payments will be automatically charged from the client's card. If there are not enough funds on the card, the system will behave in compliance with the configuration settings (continue attempts or turn off automatic charging for this client after several failures).
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