Launching continuity has never been easier thanks to sticky.io Subscriptions for BigCommerce plug-and-play billing frequencies feature.
In this article, you and I will take a deep dive into understanding what billing frequencies are and how to create them. In Step 2, we will discover how to append them to your products.
Without further ado, let's begin!
Navigation to Billing Frequencies
To begin, from your storefront navigate over to Apps > My Apps > sticky.io > Billing Frequencies.
Naming Your Billing Model
As with every new billing model, the name! It's generally recommended that you name the billing model whatever the intended purpose for it is. For example, if you'd like to bill your consumers on a monthly cadence, we would title this '30 Day Billing Model'.
It is important to note that you can reuse the same billing model across your products. Additionally, the billing model is seen by your consumers. So try to make it memorable and clear.
Subscription Types are the literal backbone of your billing frequencies. Each subscription type denotes a unique billing frequency depending on your business needs.
Bill by Cycle
Bill by Cycle is the most common billing frequency both among sticky.io customers as well as the industry as a whole. Here you can bill your consumers every 'X' number of days.
For example, we could denote every 30, 60, or 90 days. And the consumer would be billed automatically 30, 60, or 90 days from the initial sign-up date.
Bill by Date
Bill by Date allows merchants to bill consumers on a specific day in a given month. This is the perfect billing model for merchants who are in the consumables space and may only have inventory in a specific date range each month.
For example, we could denote the 10th, 15th, or 20th of each month. And the consumer would be billed on the 10th, 15th or 20th of each month.
It is important to note that if you were to denote a date that isn't available within the given month, the consumer would be billed on the last date within that given month. For example, we specify the 31st, but the month ends on the 30th.
Bill by Day
Bill by Day allows merchants to bill consumers in a specific week and day in a given month.
It is important to note that by default, this is a monthly billing model with finer control on specifically when in a given month you'd like to bill your consumers.
However, this does support a higher frequency of billing by leveraging the 'Custom' option which can be found when specifying the 'Week'.
In turn, merchants can still bill consumers on a specific day in a given week but can increase the monthly billing cycles to say twice a month.
Bill by Relative Date
Bill by Relative date enables merchants to bill consumers on the same day they had originally signed up for.
As such, if a consumer were to sign up on the 15th, the consumer would subsequently be billed on the 15th of each month thereafter, attaining the 'relative' date.
Similarly to Bill by Date, if a consumer were to sign up on the 31st, but the month thereafter only had 30 days, the consumer would be billed on the 30th.
Congratulations, you're officially an expert on creating billing models using the sticky.io Subscriptions for BigCommerce app!