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Hello, good day and thanks for your question. Sorry to know about this and I understand that you have a query for the monthly payment for your Microsoft 365 subscription.As you have mentioned that the monthly debit is not being processed, do you meant that the subscription is showing as expired when you login to your Microsoft account at account.microsoft.com/services?
If you are to pay it monthly, please ensure that recurring billing is turned on and you can also check it via account.microsoft.com/services and then manage and you can also refer to the Microsoft support link below.