Recurring Payments

Tanisha Sabherwal
Tanisha Sabherwal
August 25, 2021

Recurring payment is when merchants automatically charges customers for products or services on a consistent basis. It is more of a passive payments where merchants pull in money from the customer without any intervention.

Use Cases and types

  1. Fixed amount and fixed cycle: Amount and the cycle of transaction is both fixed. The payments happen periodically. eg: SIP, Insurance premium, OTT subscriptions.
  2. Fixed amount and variable cycle: The amount for the payment is fixed but periodicity is not. eg: Topping up the wallet with ₹1000 when the
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