Recurring Billing

Recurring Billing is a payment model where a merchant automatically charges a customer for goods or services on a predefined, regular schedule, such as monthly, quarterly, or annually. This system operates based on pre-authorized consent from the customer, allowing businesses to collect payments without requiring a manual transaction for each billing cycle. It is a cornerstone of the "subscription economy," providing significant advantages for both businesses, in terms of predictable revenue streams and improved customer retention, and customers, who benefit from convenience and uninterrupted access to services or products.