In practice the consumer chooses the preferred payment method and starts to receive charges automatically in the period and in the established amount, in order to have continuous access to the contracted product or service. Charges are made periodically, with automatic renewals, until the end of the term stipulated in the contract Phone Number List or after the user requests to cancel the plan. Examples of recurring business models In everyday life, there are many businesses that work with the recurrence model. Some classic examples are gym plans, school and course fees, health plans and magazine and newspaper subscriptions. However, with the digitization of the population's consumption habits, more and more services and products have emerged that can be sold on a recurring basis.
It is the case of music movie and game streaming platforms subscription clubs. Online courses SaaS companies ( Software as a Service ), which provide access to a software or application through plans. How does the recurring payment work? Recurring payment works by scheduling future transactions . That is, the company configures so that the billing of its product or service is made at a certain frequency daily, weekly, monthly or yearly during a certain period. In this way, a set number of charges are automatically made to the payment method chosen by the customer, at predetermined intervals. In general, the payment methods available in the recurrence are credit card and bank slip. The advantage of the first method is that the charge is made directly on the consumer's invoice.