Prerequisites: Authentication
Repeat payments are payments that a merchant takes from a customer on a regular schedule. For example, a merchant may offer a monthly product such as a magazine subscription or a merchant may allow customers to split large payments into smaller regular payments. The two types of repeat payments that we support are:
- Recurring payment: A repeat payment that has no known end date. Examples of recurring payments include:
- A customer joins a merchant’s gym and the merchant takes $40 each month until the customer cancels their membership.
- A customer subscribes to a weekly magazine and the merchant takes $5 each week until the customer cancels their subscription.
- Installment payment: A single large transaction that a customer pays over a fixed period. Examples of installment payments include:
- A customer buys a television for $1200 and the merchant takes $100 each month for a year.
- A customer books a holiday that costs $2000 and the merchant takes $250 each month for eight months.
Set up repeat payments
To set up and manage repeat payments, you can either:
- Use your own software to manage payments, and our gateway to process them.
OR
- Use our gateway to manage and process payments.
Guides
Use your own software
Use your own software to take repeat payments.
Use our gateway
Create a payment plan to take repeat payments.