Recurring Billing System
Recurring billing happens when a merchant automatically charges a customer for goods or services on a prearranged schedule. Recurring billing requires the merchant to get the customer’s information and permission. The vendor will then automatically make recurring charges to the customer’s account with no further permissions needed.
A recurring billing system provides a consistent and reliable cash flow for a business. This helps the business owner to predict the revenue that will be generated in a specific time frame.
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