Monthly subscription payments for QuickBooks Online are done automatically every month once you have saved your credit card detail in the Billing and Subscription page of Your Account. If you need to update payment information due to new credit card details, click on the Gear icon and navigate to Your Account or Account and Settings page to do so.
If you face an error while trying to update the payment information, here are some troubleshooting steps you can take to resolve the problem:
1. Check that all credit card details including CVV are entered correctly in the payment page.
2. If your credit card is a new card replacing an expired card, check that your new credit card has been enabled for use.
3. Contact your bank to ensure that the bank allows recurring billing from an online merchant. If this is not enabled by the bank, monthly recurring payment for QuickBooks Online may fail.