What does 'Recurring Billing' mean?

Recurring billing is a software feature that allows businesses to set up automated, recurring payments for their products or services. With this feature, payments are automatically deducted from a customer's chosen payment method on a predetermined schedule, reducing the need for manual invoicing and payments. One of the main benefits of recurring billing is that it streamlines the payment process for both businesses and customers. Businesses no longer have to chase customers for payments each month, and customers don't have to remember to make payments manually.