recurring payments

Recurring payments are automated transactions where a set amount of money is regularly transferred from your account to pay for ongoing services or subscriptions, such as a gym membership, internet service, or streaming platform. Once you authorize the initial setup, the payments happen automatically at fixed intervals (monthly, yearly, etc.), eliminating the need to manually approve each payment. This system ensures continued access to services and helps manage regular expenses efficiently, reducing the risk of missed payments or service interruptions.