Recurring Payments, or subscriptions, are automatic transactions processed at scheduled intervals (e.g., weekly, monthly, annually) for ongoing access to a product or service. This model relies on “saved card” details and allows merchants to build predictable revenue streams without manually invoicing the customer every cycle.
FAQs:
- What happens if a customer’s card expires?
Stripe’s card updater feature often automatically updates expired card details. If that fails, the recurring payment will be declined, triggering a dunning (retry) process. - Can I change the amount of a recurring payment?
Yes, but you generally need to notify the customer of pricing changes or switch them to a different subscription plan. - How do I cancel a recurring payment?
You can cancel a customer’s subscription directly via the Stripe Dashboard or through connected apps like Charge for Stripe.
Related Terms: