What is Payment Date?
Definition
The specific day within each billing cycle when a subscription payment is processed and charged to the subscriber's payment method.
Understanding Payment Date
Payment dates are set when you first subscribe and typically recur on the same day each billing period. For monthly subscriptions, if you subscribed on the 15th, you will be billed on the 15th of each month. For annual subscriptions, you are billed on the same date each year.
Some services allow you to change your payment date. Knowing your payment dates is critical for budgeting — clustering too many subscription payments around the same date can strain your finances. Subscription trackers help visualize payment dates across all your services.
Related Terms
Billing Cycle
The recurring time period between billing dates for a subscription service, such as monthly, quarterly, or yearly.
Recurring Billing
An automatic payment system that charges a customer at predetermined intervals for ongoing access to a product or service.
Auto-Renewal
A feature that automatically renews a subscription at the end of each billing cycle without requiring manual action from the user.
Budgeting
The process of creating a plan for how to allocate income, including accounting for recurring subscription expenses.