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Mischelle
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Hi Mac,

There are many subscription services, the best known is MailChimp for the email subscriptions and it is integrated with a payment system.

Also PayPal has a re-occurring billing system.

You don’t mention the software for your website, if you have eCommerce on your site, I am sure that will have some sort of system in place as well.

Fast Spring is an amazing platform, it managing all the work for you, but they take a %, I use this one for my software license subscriptions, people pay by the month, 3 months, 6 months etc and I set discounts for each option.

I am not affiliated with any of these, I just suggested them as I have used them in the past and they are all very good. FastSpring a good way for a start up to get happening without cash layout, so is PayPal.

I have included the links for you:

http://www.fastspring.com/

https://www.paypal.com/au/webapps/mpp/subscriptions

http://mailchimp.com/about/press-releases/2012-01-31/

If you are looking for cheap and you have a WordPress site, then I am sure you will be able to find a plugin that will work for the management and use PayPal for the payment.

Good luck and let us know if you need more assistance.

Cheers
Mischelle