With the rapid growth of online businesses also grows the interest for recurring payments. But still not all the business owners use such a useful instrument. Let’s see which benefits can get companies to implement recurring payments into their business model.
What are recurring payments? Recurring payments mean that a merchant charges customers for goods or services on a regular basis. This is typically made in the situation, when clients enter a subscription. After that merchants have the right to make recurring charges with no further permission needed until a client unsubscribes.
5 benefits of recurring payments