SpectrumPayment Solutions
All terms
Payment Methods

Recurring Billing

Automatically charging a customer's stored payment method on a schedule for subscriptions or installments. Getting recurring billing right — consent, dunning, clear descriptors — protects revenue and keeps subscription disputes low.

Recurring revenue is powerful but dispute-prone if handled carelessly. Clear renewal reminders and smart retry logic keep involuntary churn and chargebacks down.

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Related terms

Payment Methods

Subscription Billing

A recurring-billing model that charges customers on a repeating cycle for ongoing access to a product or service. Subscriptions are attractive to underwriters and customers alike when renewals, cancellations, and refunds are handled transparently.

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Payments & Settlement

Retry Logic

The rules that govern when and how a failed payment is retried, especially for subscriptions. Thoughtful retry timing recovers genuinely recoverable declines without hammering the networks, which protects revenue and account standing.

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Security & Compliance

Card-on-File

Securely storing a customer's tokenized payment credentials for future purchases, subscriptions, or one-click checkout. Done compliantly, card-on-file boosts conversion and retention while keeping raw card data out of your hands.

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Security & Compliance

Tokenization

Replacing sensitive card data with a non-sensitive token that can be stored and reused safely. Tokenization lets merchants support recurring billing and one-click checkout without holding raw card numbers, reducing both risk and compliance scope.

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