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A billing agreement is a legal contract that defines the terms of payment for goods or services. If your business is looking to establish a long-term relationship with another company, it's important to create a billing agreement that details how payments will be made and when they're due.
An automatic payment, also known as a subscription, billing agreement, or recurring payment, authorizes a merchant to charge you without signing in to your PayPal account. This is something that sets up on your first checkout with the merchant. The terms of the authorization will be available in your PayPal account.
While your agreement should fit your unique circumstances, there are a few essential elements every payment agreement should include: Payment timeline. Payment method. Interest rate. Terms and conditions. Parties involved. Contact information. Dispute resolution policy. Signatures.
Billing agreements are legal agreements between institutions to facilitate the reimbursement of employees and students of one institution working on a sponsored project at the other institution.
Find your PayPal Billing Agreement Number Sign in to your PayPal account. Click Profile. Click My Money. Under "My Pre-Approved Payments," click Update. Select a merchant's name to see the associated PayPal Billing Agreement Number.