FinTech Insights by TheFinRate

Recurring billing is an automated payment model where businesses charge customers at fixed intervals—weekly, monthly, quarterly, or annually—for a product or service. It's commonly used in industries like SaaS, eCommerce, utilities, and streaming platforms. This model not only provides convenience to customers but also ensures predictable revenue streams for businesses. In this guide, we’ll explore what recurring billing is, how it works, the pros and cons, real-world use cases, and a simple step-by-step setup guide for businesses. Table of Contents What Is Recurring Billing? How Recurring Billing Works Benefits of Recurring Billing Drawbacks of Recurring Billing Examples of Recurring Billing How to Set Up Recurring Billing How to Cancel Recurring Billing Is Recurring Billing Safe? Final Thoughts What Is Recurring Billing? Recurring billing is a payment model where a customer authorizes a business to automatically charge them on a recurring schedule. This can be done via credit/...

Introduction Banking has entered a new era. Gone are the days when managing your money meant standing in long queues at a traditional bank branch. With technology rapidly reshaping every aspect of our lives, Neo Banking has emerged as a smarter, faster, and more user-friendly way to handle finances. But what exactly is Neo Banking? Why is it gaining so much attention? In this beginner’s guide, we’ll dive deep into what Neo Banking is, how it works, its benefits, and whether it’s the right choice for you. What Is Neo Banking? Neo Banking refers to an innovative model of banking that operates entirely online without any physical branches. Unlike traditional banks, Neo Banks offer services such as opening accounts, making payments, managing expenses, and accessing loans through mobile apps or web platforms. The concept of Neo Banking emerged around the mid-2010s, primarily to bridge gaps left by traditional banking systems — offering better customer experience, quicker services, and lo...