Feature | Subscription | Recurring Payments |
---|---|---|
Schedule Payments | You can schedule the Subscription debits (weekly, monthly, quarterly, yearly and so on), and Razorpay will create the debits as per the selected frequency. No additional effort is required from you and your customers. | You cannot auto-schedule debits in Recurring Payments. However, you can charge your customers as per your business needs. You should request for the debit, and Razorpay will process it depending on the request. |
Intervention for Debits | Schedule a Plan and Subscription, and Razorpay creates the debit as per the agreed Plan. No intervention is required from you. | You should raise the debit request as per the schedule, and Razorpay will process it. |
Tokenization | The subsequent debit depends on the selected frequency | The Recurring Payment gets tokenized after the first successful debit. Tokens are used for charging any subsequent debits. |
Payment methods | Following are the supported payment methods:
| Following are the supported payment methods:
|
Below are the payment methods available for Recurring Payments: