Recurring payments are triggered by Square’s invoicing function. Customers can enter this information via a link from your emailed invoice, or you can enter this on their behalf using your Square POS system or the virtual terminal in your online dashboard. Square’s PCI-compliant payment system allows your customers to store their credit card information as a card-on-file in Square’s secure payments vault. How to Set Up Recurring Payments With Square Automated features: Reminders for upcoming and overdue payments.Multiple invoice types: Estimates, recurring invoices, card-on-file recurring billing, progress-based invoices, and multipackage invoices.Payments accepted: Credit and debit cards, Apple Pay, Google Pay, and Square Pay.ACH processing fee: 1% per transaction, minimum $1.Invoice fee: 2.9% + 30 cents per transaction. Recurring Billing and Card-on-file processing fee: 3.5% plus 15 cents per transaction.PaySimple: Best all-in-one platform for managing subscriptions and memberships.Stax (Formerly Fattmerchant): Best traditional merchant account for recurring billing.Stripe: Best for online startups managing international or in-app payments.
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