Recurring
Checkbook offers robust functionality for setting up and managing recurring payments, allowing you to automate regular payouts to vendors, contractors, subscribers, or any other recipients on a predefined schedule. This feature streamlines your payment processes, ensures timely payments, and reduces the administrative burden associated with manual, repetitive transactions.
Users can create recurring payments such that new payments are sent on weekly or monthly intervals. The user may specify the start date as well as a duration which indicates the amount of times the recurring payment will be sent.
Enter Payment Details
To send a recurring payment, go to the Send a Payment tab on the dashboard, enter the payment amount and recipient information, and click the Recurring toggle.
Set the Schedule
Select the date you would like to send the payment and the number of times you wish for the payment to recur. This will schedule a single payment to be sent on the specified date.
If a monthly recurring payment is scheduled for a day that doesn’t exist in a particular month (e.g., the 31st of February, April, June, September, or November), the payment will be processed on the last day of that month.
Send the Payment
On the scheduled date and time, Checkbook automatically initiates the payment according to the defined schedule and payment method.
Recurring payments are processed daily between 4pm and 5pm UTC. If a recurring payment starts today but is created after 5pm UTC, the first payment is skipped and counts toward the duration.
API
Use the subscription payment API to send recurring and scheduled payments programmatically.