A payment that is for a fixed amount and occurs at regular intervals, e.g., monthly.

a fixed, repeating payment that is paid regularly for a length of time that you specify

a payment made to a payee in the same amount on a recurring basis

A pre-authorized recurring transaction charged to a cardholder’s account (i.e. phone bill, memberships).

The capability to charge customers on a recurring basis according to merchant-defined rules. Gateway products allow a merchant to charge a customer's card in exchange for products and services one or more times every day, week, month, or year.