Overview
Recurring payments enable automated payment collection on predefined schedules, supporting subscription services, installment plans, and regular business expenses.Payment Types
Subscriptions
Monthly/annual subscription billing
Recurring Payouts
Scheduled payment disbursements
How It Works
Key Features:- Flexible Schedules: Daily, weekly, monthly, yearly intervals
- Smart Contracts: Automated execution without manual intervention
- Fail-Safe Logic: Retry mechanisms and payment recovery
Configuration Options
Schedule Types
- Fixed Interval: Regular payments (monthly, quarterly)
- Custom Dates: Specific payment dates
- Business Days Only: Skip weekends and holidays
Payment Amounts
- Fixed Amount: Same amount each payment
- Variable Amount: Different amounts per payment
- Escalation: Automatic amount increases
Implementation Examples
SaaS Subscriptions
Monthly software license fees
Loan Payments
Structured repayment schedules