What does Recurring Billing mean?

Recurring billing is an automated type of billing, by which the cardholder gives authorization to the service provider to periodically charge him for the services/goods provided. Many merchants and service provider choose recurring billing as their number one option, as it saves time and extra expenses for both him and the customer; thus payment collection is realized on an automated basis. Recurring billing can be an option even where online transactions are being involved, so that if you run a business you can offer the choice of recurring billing for your customers.