Easy Digital Downloads Recurring Payments
This is a very useful tool for anyone who sells licences for software, services, courses, all access passes, and other types of memberships. Because the Recurring Payments extension is streamlined and completely integrated, there is no longer any need for consumers to manually return and make another purchase.
Why use recurring billing
- Because billing is automated, there is no longer any need to request a renewal payment or send invoices on a monthly or annual basis. This removes a significant source of administrative burden.
- There are much fewer instances of missed or late payments when using an automated system.
- Because less sensitive information is being sent around, there is less of a chance that someone would commit fraud.
- Customer retention typically improves when consumers are relieved of the responsibility of making new purchasing choices or of taking the time to re-enter their payment information on a monthly or annual basis.
The establishment of regular revenue streams through your online store might very well be the single most significant choice concerning your company that you ever make.
Recurring Payments features
Flexible recurring payments
Recurring payments may be easily set up for any product, and can be made on a daily, weekly, monthly, quarterly, semi-annually, or yearly basis.
You have complete control over the repeating time periods, the frequency with which they occur, and the total amount that they cost. There is a possibility that recurring and non-recurring price choices will be available for products with variable pricing.
Send consumers automatic emails when their subscriptions are about to expire, when a renewal has been handled, when a membership has been terminated, when a renewal payment fails, and in other situations as well.
You should witness a reduction in the number of refund requests and payment disagreements if you remind your clients of everything linked to their subscription. You may also include reasons why they would want to renew, upgrade, or subscribe to other things from your store by giving them the option to do so.
If you sell a variety of digital items with recurring payments, your consumers have the ability to keep an unlimited number of separate subscriptions to each product. This manner, users may quickly cancel or renew their subscription whenever it is necessary from the account section of your website.
Do you want to give your consumers a chance to check out your goods before you charge them? You have the ability to provide free trial periods of varying lengths for any subscription items you sell. During the registration process, consumers’ billing information is gathered, and after the free trial period has expired, their credit cards are charged automatically.
Taking care of your clients and keeping an eye on your subscriptions is made much easier when you have a comprehensive interface at your disposal for viewing and managing subscriptions. You may search for a client or filter results by the state of their subscription, such as current, pending, or terminated.
Choose a subscription to investigate further and locate the customer’s payment via Stripe, PayPal, or one of the other available payment methods. The status of a subscription may be changed manually, notes can be added, and manual payments can be recorded with only a few clicks.
Renewal revenue reports
Monitor your recurring revenue using earnings graphs that are aesthetically pleasing and simple to understand. To gain a clearer understanding of the revenue generated by your returning customers, it is helpful to view a breakdown of both new purchases and renewal payments.
All Access integration
Because Recurring Payments is completely integrated with the All Access extension, you will have the ability to offer your customers memberships that grant them access to all of the items in your shop, and you will be able to sell these memberships to them. When a customer’s access period comes to an end, recurring payments will automatically extend it for another period of time. You are able to accomplish both of these things, as well as block access to certain items or set various periods for each pass, if you so want. View all of the available modifications.
You are able to generate “Master Licenses” when you use Recurring Payments, Software Licensing, and All Access in conjunction with one another. These licences are applicable to all products and provide pro-rated upgrades.
Content Restriction integration
Because the Recurring Payments extension is fully integrated with the Content Restriction extension, you will have the ability to limit access to posts, pages, bbPress forums, and other areas of your website to only those users who have purchased a particular product and currently have an active subscription that has not yet terminated.