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Reminders & Payment Reminders
Short answer
Event reminders go out on a configurable schedule, for example 24 hours before. For paid events, automated payment reminders nudge guests who registered but have not paid yet.
Event reminders go out on a configurable schedule (e.g. 24 hours before). For paid events, automated payment reminders nudge guests who registered but haven't completed payment yet. Both are toggleable per event.