As a result, merchants who need to bill their customers every month, but do not have or do not want to use a standard credit card merchant account will now be able to use PayPal for recurring sales transactions. In addition, the newly introduced recurring billing module enables merchants to set up their product sales funnels so that customers are charged on a recurring basis after the initial sale.
In recent news, PayPal and Japanese telecom and internet company Softbank have revealed plans to form a joint venture, PayPal Japan, aimed at creating the premier digital wallet for online, mobile and offline transactions in the Asian country.
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