A recurring payment is a renewable credit card charge, that recurs every preset period of time,
for up to 36 billing cycles.
There are four types of recurring payments: daily, weekly, monthly and yearly.
For example, when choosing a 4 cycles monthly recurring payment, the customer's credit card will be charged the same amount on the same day each month, for 4 months.
Recurring payments accounts as a normal one charge credit card transactions, that are part of a customer’s credit limit only for the current charge.
To create a recurring payment, enter the tab create new>>subscription in your isracard global account, and select single subscription or new multiple subscriptions. The amount to be paid is the periodic charge,
a partial sum of the total amount. For example, if a customer wishes to pay 1,000 NIS over 4 months, enter the sum 250 NIS.