Subscription payment for customers but it stores as credit

[onyx_au]

Hello,

I may be using the wrong key words to find this but is there an option or app for customers to sign up for an account, or link their accounts to the app and their nominated payment will deduct X amount of money per month and this money will be stored as credit to use in the future.

For example:
Customer joins my business loyalty club, they will be deducted $10 per month until $70 has been reached, no money will be taken out after $70. This $70 is stored as a credit or a code to use on their next purchase. When used, the $10 per month direct debit will start again

or

A membership subscription for $10 per month and that money paid will be stored as credit.

Thank you