There are two main types of recurring payments: subscriptions and installment plans. Subscriptions are recurring payments for physical or digital products, services, or memberships.
Installment plans are for products that cost more than $500. You can set up both types of recurring payments on Shopify.
Subscriptions
If you want to set up a subscription, you first need to choose a billing interval. This is how often the customer will be charged. For example, you could charge monthly or yearly. You also need to decide how many billing periods the subscription will last. For example, you could have a monthly subscription that lasts for 12 months.
Once you’ve chosen your billing interval and length, you need to set up your subscription in Shopify.
To do this, go to the Shopify admin. From there, click on Products, and then Collection. Find the product that you want to offer as a subscription, and click on it. On the product page, scroll down to the “Inventory” section and check the “Track quantity” box. This will allow Shopify to track how many subscriptions have been sold.
Next, scroll down to the “Pricing” section and enter the price for your subscription. Then, click on the “Save” button at the bottom of the page.
How Do I Set Up Recurring Payments on Shopify?
There are two main types of recurring payments: subscriptions and installment plans.
You can set up both types of recurring payments on Shopify.
PRO TIP: When setting up recurring payments on Shopify, be sure to enter the correct billing information for your customers. Incorrect billing information can result in declined payments and late fees.
- Subscriptions: To set up a subscription, first choose a billing interval (e.g., monthly or yearly) and length (e., 12 months). Then go to Shopify’s admin panel, click on Products > Collections > find the product > enter price > Save.
- Installment Plans: :Installment plans are only available for products that cost more than $500.
Conclusion
In conclusion, you can set up recurring payments on Shopify by following the instructions above.
7 Related Question Answers Found
There are many different ways to set up recurring payments on Shopify, and the best method for you will depend on your specific needs. If you’re selling physical goods, you’ll need to choose a payment gateway that supports recurring billing. For digital products, you can use either a subscription app or a payment gateway that supports recurring billing.
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