Subscription

An order for a product or service that has an automatic recurrence component. A customer placing a new subscription order will typically get to choose from a set of frequencies (e.g. “every week”, “every month”, etc.) at which a new order will be created and shipped. In order to facilitate subscription orders, merchants will often need to “vault” payment information securely so the payment information can be used for future, automatic orders. Merchants that offer subscriptions will generally provide discounts to customers as this helps the merchant to better predict their revenue.