Question: How does billing cycle work if the fix date charging feature is enabled?
In the Membership Subscription app, there is an amazing feature to charge the subscribed members on a fixed date of the month. When you will create a paid plan then you can enable this feature. Have a glance on below snapshot –
Now, let us understand the billing cycle and deduction of charges of a subscribed member with the help of an example here:
You created a membership plan for $30 and the plan interval is 30 days.
If the setting is enabled to charge $30 from the subscribed members on the 1st of every month, and if a user subscribes in the middle of the plan period of 30 days then charges will be taken on a pro-rated basis for example
If any member subscribed on the 5th of the month then he will be charged a pro-rated amount from his subscription date (i.e., 5th) to the selected month-end date (i.e., 30th) in the app, that is a member will be charged for 25 days membership only i.e. $25 for the current month and later he will be charged $30 from the 1st of the upcoming month.