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What are recurring payments? Everything you need to know
Learn all about recurring payments, why they're beneficial, and how to strategically use them for your digital business.
The subscription business model continues to flourish, from media and utilities to SaaS and digital services. This business model appeals to both enterprises and customers due to the steady cash flow and convenience that recurring payments offer.
Recurring payments allow subscription businesses to receive payments regularly and alleviate headaches associated with payment delays, while customers can "set it and forget it" with their credit card or alternate payment method. The payments are automatically debited from the customers' accounts on time, saving them from possible penalties. But there is more to recurring payments than just the convenience of automation.
In this blog post, you'll discover:
What are recurring payments?
Different types of recurring payments
How do recurring payments work?
Benefits of recurring payments
How to accept recurring payments
Preventing fraud in recurring payments
How Adyen can help
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