Magento eWay Recurring Payments is ideal for subscriptions or installments, allowing you to automatically charge customers on a daily, weekly, fortnightly or monthly basis.
Recurring payments stand for that customers do not have to be anxious about recollection to make their payment each time it is due, while the business provide a better service, receive the payments regularly and save valuable time.
Recurring payments essentially an agreement between the customer and the store authorized at the side of a payment system. In the payment system, this contract authorizes the merchant to charge the customer account again in the future according to the recurring profile settings.
What is new in this release:
Charge your customers on a daily, weekly, fortnightly, or monthly basis.