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Expiration Date

The date (mm/dd/yyyy format) on which charges for this record will expire. A value of 99/99/9999 indicates that the charge record has no expiration date. As part of the bank default charge records process, The purpose of this field is to allow users to charge a fee monthly for a specified number of months, up to 1 year after the merchant is boarded. When used with Frequency = One-Time, this allows the user to charge a fee once, but to set the expiration date out for up to 13 months, so that they can choose to re-assess the fee during that time period by selecting an additional month for this charge record at the merchant level without having to also change the expiration date.