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What is a recurring subscription?


Question

What is a recurring card subscription or recurring credit card payment?

Answer

Recurring subscription or recurring credit card payment is a payment regularly debited from the cardholder in a limited time interval. Recurring payments are widely used in businesses that offer services where the payments should be made on regular basis, such as software services, insurers, donations, call centers, fixed telephone plans etc. 

Recurring payments are considered as secure since the holder decides when the business relationship begins and ends. On other hand, for merchants, working with recurring payments involves high level of risk, since if the customer does not use the service or has a discrepancy in the billing, he will charge the merchant with a chargeback.



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