Subscription

Subscription refers to a recurring payment model where charges are made on a regular, fixed schedule. This model is commonly used for services, memberships, and products that are provided on an ongoing basis, and it simplifies the billing process for both businesses and customers.

Key points about subscriptions include:

In summary, a subscription is a recurring payment arrangement made on a regular, fixed schedule, commonly used for memberships, digital services, charitable donations, and rent. It offers convenience for customers and predictable revenue for businesses, managed through specialized billing systems to ensure seamless and continuous access to services or products.