recurring payment

Automatic periodic deduction

A recurring payment is a charge that repeats automatically at regular intervals—monthly, yearly, or on some other schedule.

Subscriptions, memberships, and installment plans typically use recurring payments: I set up a recurring payment for my gym membership.

The term often appears when managing automatic billing or canceling services.

Related

billing · invoice · bill pay · dues · membership · installment · direct debit · bank account · renewal · charge · fee · premium · automatic · withdrawal · standing order · tiered · cancel · cancel anytime

Categories
Opposites
payment frequency

recurring paymentone-time payment

Full amount paid once

single payment · one-time purchase · lump sum · one-time fee · upfront payment

automaticity

recurring paymentpay-as-you-go

Immediate settlement required

pay-per-use · invoice payment

commitment structure

recurring paymentone-time purchase

Single payment acquisition

upfront payment · prepayment

Family

recur, recurs, recurred, recurring, recurrence, recurrent, payment, payments, payable

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Everyday, not technical · Rated G