A scheduled payment based on time-frame assigned.
You are a charity collecting donations. You receive some donations on a monthly basis; however, now your donors were making bank transactions every month.
Avoid hassle by giving your donors an option to schedule their donations every month. Recurring payment option will ease the process and deduct the donation automatically on a date selected.
Your customer authorises you to collect a payment for a certain amount from his/her credit card.
On the due day of every billing cycle, your customer's bank card will be charged with a fixed amount.
Avoid late bill payments and extra resources on sending reminders to your customers.