PayPal's Recurring Payments is a scheduled payment solution that enables you to automatically bill your customers at regular intervals—for example, a monthly fee of $42 for 36 months with an initial fee of $129. The Recurring Payments feature is ideal for subscriptions, membership dues, and installment payments.
Save time - Eliminate the hassle of manually sending invoices each billing period.
Provide flexibility - Automatically bill your customers' credit cards or PayPal accounts.
Improve cash flow - Gain a predictable revenue stream.
To configure a customer to be automatically billed on a schedule, you define a recurring payments profile for that customer. The profile specifies the credit card account to bill, the associated contact information, the amount to charge each time, the payment period (monthly, weekly, and so on), and the term (the number of payments) of the agreement.
When you submit the data, PayPal generates the new profile, activates it, and automatically performs the billing on the specified schedule. As time goes on, the profile stores both the configuration information that you supplied, and the transaction and payment history for the account.
When defining the profile, you have the option to perform an initial transaction that differs from the recurring transaction. For example, you can perform a no-charge transaction that validates the account information or one to charge an initial fee. In addition, you can specify how to handle declined transactions.
Perform the following tasks on paypal.com:
Create a new profile - Create a recurring payments profile for a customer.
Browse for profiles - Search and view all recurring payment profiles.
Search for profiles by ID - Search for recurring payment profiles by their profile ID.
Payment profile - Run reports to generate lists of profiles.