# Overview of Recurring Payments

Recurring payments are the foundation of subscription-based business models, widely used in the SaaS industry.

Beyond subscriptions, recurring payments also support standing orders (Hora'at Keva, הוראת קבע), which in Israel are common for rent, utilities, and insurance premiums.

Hyp supports both subscriptions and Hora'at Keva.

## What is a recurring payment?

Instead of charging customers manually for each purchase, merchants can securely store a payment method and charge it on a schedule — monthly, annually, or any other cycle.

A recurring payment uses a token to re-charge a credit card in an additional transaction. By definition, this requires *two or more transactions*.

## How are recurring payments different from installments?

[Installments](/creditguard/payment-page-integration/installments.md) are part of *a single transaction*, with charges applied automatically at each interval as part of that same transaction.

Recurring payments, on the other hand, create *a new transaction* for each charge.

## How are recurring payments different from reusing a saved credit card?

[Reusing a saved credit card](/creditguard/available-payment-options/saved-card.md) spares the customer from re-entering card details each time they make a purchase. But saved cards are available only when the customer visits the payment page and initiates the purchase.

In contrast, recurring payments are initiated by the merchant and require no customer interaction.

## Implementing recurring payments

### Subscriptions

Hyp supports subscriptions by letting you manually request charges on an existing credit card at regular intervals. For details, see [Implementing Recurring Payments](/creditguard/recurring-payments-and-subscriptions/implementing-recurring-payments.md).

### Hora'at Keva (הוראת קבע)

Hyp also supports Hora'at Keva for its merchants' customers. This capability is disabled by default; [contact your Hyp representative](mailto:sales@hyp.co.il) to learn more and enable it.


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