Shopify provides two ways of accepting subscription payments: manual and automatic. In this article, we’ll be looking at the benefits and drawbacks of each to help you decide which approach will be best for your business. Let’s get started!
Step 1: Create your product page
Creating a product page on Shopify is quick and easy. You can add products manually or using a CSV file. Simply enter your product name, price, and description, and add a photo if you have one. For subscription products, you’ll need to specify the subscription period (weekly, monthly, etc.), as well as the recurring price. Don’t forget to hit Save when you’re done!
Step 2: Set up your checkout flow
If you’re using Shopify Payments, then you’re all set! Your customers can subscribe and pay for your products using the same payment method they use for their other purchases. If you’re not using Shopify Payments, then you’ll need to set up a subscription payment gateway. This will allow your customers to subscribe and pay for your products using a different payment method. To do this, follow these steps
Step 3: Add the billing settings
Adding the billing settings for your Shopify subscription payments is a simple process. First, you’ll need to create a new billing plan. To do this, go to the Billing tab in your Shopify settings and click Create Billing Plan. Enter the name of your plan, the price, and the interval (weekly, monthly, etc.). Then, click Create.
Step 4: Add the next billing date field
If you’re using Shopify’s subscription payment model, you need to be aware of the following details. First, you’ll need to add a next billing date field to your shop’s checkout. This is the date that your customer will be charged on their next subscription payment. Additionally, you’ll need to enter the following information for each subscription product:
– The price per period
– The billing interval (weekly, monthly, etc.)
– The number of periods in each billing cycle
– The trial period length (if applicable)
By taking care of these details, you can ensure that your customers’ subscription payments are processed smoothly and without any surprises.
Step 5: Set your recurring billing schedule
Now that you have your payment gateway set up and your subscription plan created, it’s time to set your recurring billing schedule. This will determine how often your customers are charged and when they’ll be charged.
Step 6: Receive recurring revenue!
If you’re selling products or services on a subscription basis, then you’re probably wondering how Shopify subscription payments work. Here’s what you need to know
Can I charge for subscriptions on Shopify?
Yes, you can charge for subscriptions on Shopify. You can use Shopify’s built-in subscription functionality to set up recurring payments for your products or services. To do this, you’ll need to create a subscription product in your Shopify admin and then add it to your online store. Once a customer subscribes to your product, they’ll be charged automatically on a recurring basis according to the schedule you’ve set up.
Can you manage subscriptions on Shopify?
Yes! You can absolutely manage subscriptions on Shopify. In fact, it’s a great way to run your business if you have products or services that customers need on a regular basis. Plus, it’s easy to set up and track payments with Shopify’s built-in tools.
If you’re thinking about using Shopify to sell subscriptions, there are a few things you need to know about their subscription payments feature. First, it’s important to understand how Shopify handles recurring payments. Unlike other platforms, Shopify does not have a built-in way to manage subscription payments. This means that you’ll need to use a third-party service like ReCharge or PayWhirl in order to accept and process recurring payments.