How does my Payment Priority work?

This article refers to the 123 Reg Payment Priority system.

Payment priority allows you to set up to three different payment methods on your 123 Reg account.

The priority of how these payments methods are used can then be managed and prioritised according to your needs. If you have more than one payment method registered the system also enables an alternative payment method to be tried if the preferred method fails.

If your first priority payment does fail, our systems will automatically try your second and if necessary (and registered) your third priority payment method on the same day. This means we will minimise any risk of you missing a potential renewal.