A recurring payment is a type of payment model in which a customer agrees to make regular payments at standing intervals, typically monthly or yearly, for ongoing access to a product or service.
What are recurring payments? Definition, Types, and Benefits
A recurring payment is a type of payment model in which a customer agrees to make regular payments at standing intervals, typically monthly or yearly, for ongoing access to a product or service.
Recurring payments have become increasingly popular among businesses because they offer several benefits, such as steady revenue streams and growing customer retention.
