To start billing your customers, create at least one product and pricing plan.
A product is the item, service, or good your customer is buying. It might be a monthly widget box shipped to them, a mastermind program, or a subscription to an app.
A pricing plan is a definition of a subscription schedule to regularly pay a certain amount of money for some service or product. For example, a plan could be required in order to belong to an organization, to receive digital content, or to receive a service.
A subscription is based on these pricing plans.
Browse to the “Settings” screen, and choose “Products & Pricing Plans.” Then, browse to the “Add Product” link.
Fill the form.
- Product ID: It represents a unique identification code used for internal purposes, such as API calls. Customers won’t be seeing that ID. If that attribute is left empty during a Product’s creation, it will be generated automatically.
- Product name: This will be displayed to your customers. This field is mandatory.
- Unit label: This is what one item of your product is called. For a mastermind program, that might be “seat,” if you’re selling individual widgets, it’s “widget.”
- Accounting code: This is optional and is something you can add to your products, to make them map more cleanly to your accounting software.
Select whether it’s taxable and shippable. If it is taxable, choose the tax category ID, so that Rebilly can calculate taxes.
Fill the form.
- Plan ID: It represents a unique identification code used for internal purposes, such as API calls. If that attribute is left empty during a Plan’s creation, it will be generated automatically.
- Plan name: The name for your plan that will appear on receipts and invoices. This field is mandatory. This might be something like “Gold” or “Silver.”
- Currency: The currency your plan will be billed in.
- Description: this is a short explanation of the plan to the customer.
Next, you’ll set up the billing schedule. These options include:
- Recurring billing settings: You can set your product to recur “Forever” (it goes on indefinitely until the customer cancels or the product is deleted), set it to recur a specific amount of times before stopping, or never. Then, you choose the recurring period — this might be 2 weeks, one month, 90 days, etc.
- Pricing: Select the way your product is priced. Most commonly, recurring memberships use fixed fee (where there’s a fixed cost per month) or flat rate (where there’s a rate per unit) pricing.
Toggle the advanced settings to turn on a trial period (and specify how long it should be and whether it’s free or paid) and/or a setup fee.
- Trial periods: Add an optional trial period and optional price for the trial (or set it to be free).
- Setup fees: Charge a setup fee for the service (optional). (This is different than having a one-time fee for the product — for that, you’ll choose to have the subscription never recur.)