Payment Plan Proration

This guide will walk you through the process of setting up payment plans and the proration behavior.

Navigate to the “Account” tab.

Access the “Stripe” section.

Click on “Create New Payment Plan”.

Name the new payment plan, set the amount and decide the interval. You can set the interval to days, weeks, months or years. Click on the “Show Advanced” link.

Enter a description and select a Billing Cycle Anchor if applicable. Depending on the interval the anchor options will change. For example, weeks will show days of the week for selection and months will show dates.

Once an anchor has been selected, the proration behavior will be made available to customize.

Choose a proration option. “Prorate First Charge” will be charged a prorated amount when the subscription starts. This will be for the time between the start date and the anchor date. “Charge Full Amount” will be charged the full amount when the subscription starts. “Do not Charge” will not be charged when the subscription starts, only when the anchor date arrives.

Customize the optional contract cycle. Enter the number of cycles and select the behavior. In this example, the contract cycle is set to three. So after the three successful payments, the contract will auto renew. Save the payment plan.

This guide covered creating and customizing payment plans.