Recurring billing plan occurs when a merchant automatically charges a cardholder for specified goods or services on a repetitious basis. Recurring billing is one of the hottest strategies in digital marketing, especially for SaaS providers.There are multiple recurring revenue models available such as usage based billing, tier billing, freemium plans, monthly subscriptions and more.

The biggest advantage in recurring billing plan is the way that you can predict your monthly revenue. In case you have a stable number of  subscribers, let’s say 100 or 200 subscribers total and you’ve been steadily growing at a rate of 10% or 20% per month, you will be able to predict your annual revenue and manage your business more easily.

There are more amazing benefits of recurring billing, as well. For example, you are able to offer custom pricing plans for your customers, depending on their needs and as a result you will have a loyal client base. Also the cash flow will be improved, because customer payments are being processed automatically via recurring billing.

Recurring billing models bring benefits to both sides of transactions, not only to companies. Customers instead of having to repeatedly provide credit card information each time they want to purchase a product or service, can authorize the merchant to keep the card details on file and charge the card each time the merchant delivers the product or service. Also, recurring payments allow consumers to send in money more quickly. Processing lags usually cause troubles to customers, because it’s harder for them to know how much money is really in their bank accounts.

Nummuspay will take care to make recurring billing an easy process for all subscription – based businesses, services, charities and more. By visiting your nummuspay dashboard you will be able to check and analyze all subscriptions, billing cycle, billing dates and more.