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What are the types of recurring payments?

11 May 2022 By PAYCEC

Fixed and variable recurring payments are the two forms of recurring payments.

  • Fixed recurring payments, such as a monthly magazine subscription or a gym membership, are ones in which a consumer is paid the same amount each time.
  • Variable recurring payments are ones in which the amount paid varies depending on the services supplied during the payment period; examples of variable payments include your mobile phone bill and your electricity bill, both of which are based on your individual usage.

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