There’s a new feature from Paypal which allows you to bill your customers automatically.

Scenarios where you will need this kind of recurring payments capabilities:

• membership,
• online magazines,
• monthly newsletters,
• digital goods,

Or any other product or service that requires payment from your customers on a regular basis, this functionality will be useful to you.

It allows you to charge your customers a pre-defined amount on a pre-defined schedule.

You can integrate this new functionality using a set of simple APIs (application programming interfaces).

For more information, be sure to check out the following pages:

• Recurring Payments for Website Payments Pro ($30 monthly fees)
  
• Recurring Payments for Express Checkout (free)
  

Source: ThePaypalBlog