Capture Residual Revenue with Recurring Payments
Can you guarantee how much money your store is going to make this month? If you offered subscription-based products, you could do just that.
With WooCommerce Subscriptions, you canÂ create and manage products with recurring paymentsÂ â€” payments that will give you residual revenue you can track and count on.
WooCommerce Subscriptions allows you to introduce a variety of subscriptions for physical or virtual products and services. Create product-of-the-month clubs, weekly service subscriptions or even yearly software billing packages. Add sign-up fees, offer free trials, or set expiration periods.
A subscription-based model will allow you toÂ capture more residual revenueÂ â€” and all you have to do is ship the orders.
Free Trials & Sign-Up Fees
Charge an initial amount to account for customer setup costs, or allow customers to try before they buy, by adding sign-up fees and free trials to any subscription product.
Store owners get full-featured subscription management via theÂ WooCommerce > Edit SubscriptionÂ administration screen. You canÂ suspendÂ orÂ cancelÂ a subscription, change the trial expiration, add items, shipping, fees or taxes to the subscription or modify the recurring total for future payments.
If you only want ship on certain days of the month, or align all customers to the same annual membership term, you can with WooCommerce Subscriptionsâ€™ renewal synchronizationÂ feature. You can evenÂ prorate the first paymentÂ of a synchronized subscription purchase.
Flexible Product Options
WhenÂ creating a subscription product, you can make the product downloadable, virtual or physical, charge renewal payments weekly, monthly or annually, limit the product to one-per-customer and even charge shipping only on the initial order.
Offer customers a discount on their monthly payments or just the sign-up fee. Subscriptions includes both recurring discount coupons and sign-up fee coupons.
Your customers can also purchase different subscription products in the same transaction and Subscriptions will group the products to reduce the payment gateway fees and logistical overhead for their future renewals.
WooCommerce Subscriptions, Automatically notify customers when a subscription renewal payment is processed, a subscription is cancelled or when a subscription has expired with the built-in subscription emails.
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