Recurring billing is a feature that allows merchants to send repeated invoices to their customers at predefined intervals (weekly, monthly, or annually) for subscriptions products, or services.
This will sent the customer an invoice email which he needs to pay. This is not considered recurring payments at all. To create Repeat Billing in the dashboard menu, click on the (+) sign to create a new agreement
You will find then two types of repeat billings: Fixed Term (includes final payment) and Open-Ended (Does not include final payment) as clarified below:
A) Fixed Term Agreement Billing Type
Once you choose this type the below screen will be shown asking you to fill out it to create the repeated billing.
This type includes the final payment.
And here's the list of clarifications for each field in this form:
1. Set Agreement Name
2. Currency is the Profile Currency
3. Recurring invoice schedule
3.1. Initial invoice: If set, an initial invoice will be issued immediately
3.2. Followed by recurring invoice schedule
3.2.1. Number of invoices to be raised
3.2.2. The amount for each invoice
3.2.3. Frequency –Every x Day/Week/Month
3.2.4. Date of the 1stinvoice
3.2.5.For fixed term: If required, indicate the final payment amount
Type #2 - Open-ended Agreement Billing Type
Once you choose this type the below screen will be shown asking you to fill out it to create the repeated billing.
This type DOESN'T includes the final payment.
And here's the list of clarifications for each field in this form:
1. Set Agreement Name
2. Currency is the Profile Currency
3. Recurring invoice schedule
3.1.Initial invoice: If set, an initial invoice will be issued immediately
3.2.Followed by recurring invoice schedule
3.2.1.Choose ‘Regular’ for open-ended agreement
3.2.2.The amount for each invoice
3.2.3.Frequency –Every x Day/Week/Month
3.2.4.Date of the 1stinvoice
After you filled in the agreement, the schedule and the customer details, you can then click “Save”
Now, the agreement will be shown under the list of agreements with two buttons that are available to cancel the agreement or view the recurring invoices through them.
The client will receive the initial payment invoice which includes the details along with the recurring invoices
Once the invoice is paid, the status will be changed from “pending” to “paid” and only then you can use the transaction button as a shortcut to move to the transaction details.