Does the Membership Plug-In Automatically charge users for recurring subscriptions

I just downloaded the membership plug-in for my site. My subscription fee is charged monthly. If I use the Paypal payment gateway will this automatically charge my members for each month of membership, unless they cancel or does it simply invoice them and require them to pay again each month? Also, do I need to have a special level of paypal account to do this, or can I just use a regular paypal account?