Yes, A recurring payment also referred to as a subscription, recurring billing, or automatic payment, is an electronically processed payment that repeats according to a preset schedule. Businesses often set up recurring payments to collect fees for memberships, subscriptions, lessons, and services. Recurring payments require customers to sign a one-time authorization form.
The easiest way to accept recurring payments is with an all-in-one payment processor or merchant account that handles the payments but also has software to manage the billing process and security features to protect your customers’ information.
The best payment processors for recurring payments are:
Helcim: Best overall recurring payment platform
Square: Best for small businesses needing a free POS system
PayPal: Best invoice and subscription solution for online businesses
Stripe: Best for online startups managing international or in-app payments
Wave: Best (and free) recurring invoicing and accounting software for individuals
Stax Pay by Fattmerchant: Best traditional merchant account for recurring billing
PaySimple: Best all-in-one platform for managing subscriptions and memberships