How to set prices for subscription products
Defining your prices depends on what type of product you are creating. Subscription Products are defined by setting the subscription period and recurring fee.
On this page
Creating subscription prices
For each subscription product, you can freely define the applicable terms and pricing.
In the terms section, define the full length of the subscription duration as the commitment period and determine how often your customers will be charged as the respective payment cycles. For now, payment cycles are pre-defined to be every 1 month – in the future, you can define your payment cycles depending on your business requirements.
Select under Auto renewal whether the subscription will end automatically after the chosen commitment period (select None), of it the subscription will afterwards be renewed automatically every month (select Monthly).
Once you have set up the terms, set your prices for each commitment period in the price section below. Fill in the "Price (currency)" column with the price you charge for your product for each payment cycle in the respective commitment period. In the column "Committed total (currency)" the total revenue per commitment period is calculated.
Here is an example: A subscription for 2 months will be charged 50.00 € each month, thus resulting in a total revenue of 100.00 € for one sold subscription. If a customer however purchases a subscription for one entire year, the monthly fee will just be 30.00 €, resulting in a total of 360.00 € for the entire year.
Editing the subscription pricing table
In order to modify the price of a subscription product, simply apply the changes to the pricing table. The updated price will be charged to all future payment cycles.
Note: If a customer has subscribed to a product before the price adjustment, the difference between the initial payment(s) and the updated price won't be charged.