recurring payments

A payment model where a customer authorizes a merchant to debit payments from their account automatically for any product or service on a recurring basis.

The customer needs to perform a one time approval to permit the merchant to directly debit their account. The payment cycle continues till the customer retracts the merchant&apos approval or the subscription expires.

Payment can be deducted at fixed (fixed amount at fixed intervals) or on-demand (variable amount, based on invoice generated by the merchant) basis. Recurring payments is most suited in the cases of repeat purchases or frequency based buying.

Credit cards provided by the popular card networks MasterCard and Visa support auto-deduction of recurring payment. For this the card holder needs to authorize the payment to the specified merchant which can be done through a normal Two-Factor Authentication or 3D Secure flow.

A card holder when authenticating the merchant to deduct recurring payments, needs to do a one-time transaction which is also the first transaction. To ensure the authenticity of the user and their account, an extra layer of security is added which involves passing the transaction request following a 2FA process.

In case of recurring payments, as the user does the 2FA, the auto-deduction is enabled.

UPI, Credit card, Debit cards and Nach or E-Mandate are the widely used instruments for recurring payments.

UPI: Autopay via popular UPI apps like PhonePe, Google Pay, Paytm, BHIM UPI, Amazon Pay and more.

Credit cards : MasterCard and Visa network cards-issued by any bank in India.

Debit cards: Mastercard and Visa network cards-issued by ICICI Bank, Kotak Mahindra Bank, Citibank and Canara Bank.

Nach or E mandate : A paperless authentication feature introduced by NPCI to debit from the Bank Account.

Yes, you can cancel a plan or subscription. However once canceled, it can't be restored, you need to create a new plan or subscription

Yes, using Cashfree's Recurring Payments solution you can generate a subscription and through your internal system tag as many users as you wish to the subscription. Given the payment address will be single, Cashfree will process the billing for that address.

Yes

The maximum amount per debit set for e-NACH mandate is ₹10,00,000.

The maximum amount per debit set for UPI AutoPay is ₹15,000.

A few banks charge the end-customer for the creation of the mandate. This charge, however, is not imposed by Cashfree Payments.

1.SBI -58/-

2.BOB -116/-