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Is there a grace period for users that miss a recurring payment?

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Is there a grace period for users that miss a recurring payment?

Note: I tried to post this in the Recurring Payments section, but it said I do not have privileges to do that. I don't have access to our business paypal account which owns Recurring Payments, I'm guess that is the reason?

Hello,

I'm making a payment system using Recurring Payments.
I was about to add in a grace period and notification system on my end.
But it occurred to me that PayPal might already do that on there end?

 

If so, how does it work? What kind of IPNs does it send based on missed payments?

 

Thanks!

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