Decentralized (Built-In) direct debit on Bitshares blockchain

Where to find the direct debit function?

To proceed to create a direct debit, click the create authorization button:

So let's fill it out with a direct debit of 1 BTS per minute for 5 periods, which should produce 5 individual payments for a total of 5 BTS to the payee:

Let's ignore that the fee is 7.24 BTS which is more than the example total 5 BTS being sent, in a normal direct debit the debit amount would far exceed this fee.

Now that we've created the authorized direct debit we see the following in the direct debit table:

And from the payee's perspective:

As the payee, let's claim one of BTS from the passed payment periods by clicking on the Claim button next to the direct debit table entry:

Once the claim button is clicked, the collected amount of BTS is placed in the payee's portfolio.

User would like the security of this direct debit mechanism, there's no way for the payee to adjust the terms of the direct debit without authorization, potentially unlike traditional bank direct debits.

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