Paid Subscriptions

In my current vB forum I have some paid subscriptions that are taken care of automatically by the system and also tied into Paypal. Once a person pays they are automatically promoted to a different usergroup.

Does such a facility exist in xenforo?
OK, good news, thanks for that. My current plan is to set up a XF forum and play around with it with a view to eventually moving my vB forum over to it. Not something I'm looking forward to but I suspect it will be inevitable.