Subscription-based payment

A method for automatically processing a transfer request from a stored value fund with an online system, the method comprising:

• determining a handler associated with a payor;
• transferring money from the handler to the stored value fund;
• informing the payor that a payee accepts payment from the online system;
• receiving subscription type information which includes at least one of a per-request payment cap, a fixed payment amount, a limit on payment per time period, a limit on the number of payments in the time period, and a time period;
• receiving pay-out instructions that include at least two of a payor identifier, a payee identifier, a transfer amount, a payment description;
• and
• transferring the transfer amount from the stored value fund to a second handler associated with the payee automatically.

A method for automatically processing a transfer request from a stored value fund with an online system, the method comprising:

• determining a handler associated with a payor;
• transferring money from the handler to the stored value fund;
• informing the payor that a payee accepts payment from the online system;
• receiving subscription type information which includes at least one of a per-request payment cap, a fixed payment amount, a limit on payment per time period, a limit on the number of payments in the time period, and a time period;
• receiving pay-out instructions that include at least two of a payor identifier, a payee identifier, a transfer amount, a payment description;
• sending notification to the payor after receiving the pay-out instructions;
• waiting a period of time between the sending step and the second-listed transferring step;
• transferring the transfer amount from the stored value fund to the payee;
• and
• canceling the second-listed transferring step if the payor declines within the period of time.