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Recurring Payment (EMI Collecting by auto-debit concept)

New Community Member

Recurring Payment (EMI Collecting by auto-debit concept)

I want to implement a loan processing application with a inclusion of auto-debit concept. I have attached the questions on which i need clarifications.

1) Is it possible to implement Recurring payment option by using pay pal gateway integration?

2) If it's so, How can we create a single merchant account and multiple customer accounts?

3) Where can we create those accounts?

4) Is it possible to create those accounts by their account details rather their card details?

5)If it can be done, then what is the pricing for the above described plan?