Recurring / Subscription Payments
Give your customers payment flexibility through subscription products, payment services, installment plans or fixed monthly rates.
How do recurring payments work?
Recurring billing is a payment model that allows companies to invoice their customers based on a schedule that the company specifies (i.e. once a month, once every quarter, etc.) The most common forms of recurring billing include subscriptions, membership dues and payments that are made under an installment plan.
With recurring billing, customers can choose a payment method that is instantly affordable, regardless of the total purchase price of your product. Instant affordability, for customers, has shown to have dramatic increases on subscription and expensive goods, resulting in wider product adoption and higher sales. Businesses can also receive increased income, by collecting a higher price on goods, in exchange for your recurring payment services. Businesses with a recurring billing model can charge higher purchase prices, in exchange for the cost of offering credit.