Recurring billing is a payment model where customers are charged automatically at regular intervals for goods or services. This method is commonly used by subscription-based businesses, such as streaming services, gym memberships, and software providers. It simplifies the payment process for both the customer and the business, ensuring consistent revenue flow. With recurring billing, customers typically provide their payment information once, and subsequent charges occur without additional action required. This can enhance customer convenience and retention, as users do not need to remember to make payments each month. However, it is important for businesses to communicate billing terms clearly to avoid confusion.