Subscription payment from customer shows "Pending until October 9"

comicofthemonth
New Community Member

I run a monthly subscription service and received a payment earlier for the usual amount, but the money doesn't show on my balance and the transaction says "Pending".   Is there a reason for this?

 

I have a subscription button on my site so whatever the date is for my subscribers will be their monthly billing date. 

 

Don't want to send out a product and then the payment get cancelled.  Will signing up for the "Recurring payments" and getting charged the $19.99 be the better way to go?  If so, am I able to set a specific date to bill everyone?

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