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Created: 20/04/2016 | By: Magenest | Email: [email protected]
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Introduction
The
Image Added The "Subscriptions and Recurring Payments" extension from MAGENEST JSC is the exclusive special feature that has been equipped for Magento-powered store with the feature of subscription and recurring payment. Simply, when this extension is added to increase recurring revenue stream, your business model will becoming more and more developed and diversified.
Subscriptions and Recurring Payments extension provides all options for merchants to configure subscription products such as magazines, newspapers, newsletters or memberships, etc. All things become easy and simple with this extension. It help customers save time to buy products from repeating order process. And you will no longer need to invoice your individually customers for each payment. Therefore, it is one of the most helpful solution.For
For Magento Subscriptions & Recurring Payments extension, you as a merchant will be able to configure subscription options for your products as desire, manage your subscribers' status and monitor recurring cycles.
Features
- Magenest’s Subscriptions and Recurring Payments enables you to fully control subscription options and manage subscription profiles.
- Customer Can Define Start Date provides merchants options to set whether customer can define the start subscription date or not.
- Maximum Payment Failures enables merchants to set number of scheduled payments that can fail before subscription profile is automatically suspended.
- Auto Bill on Next Cycle helps merchants to automatically bill the outstanding balance amount in the next billing cycle.
- Multiple billing options allows merchants to create different billing periods.
- Enable Trial (Trial Billing Amount, Trial Billing Period Unit, Trial Billing Frequency, Trial Billing Cycles, Enable Initial Fee) provides merchants option whether to set a trial subscription for customers or not.
- Payment Profiles Manager allows merchants to manage subscription cycles, monitor profiles status or delete a profile.
Video Tutorial Playlist
(Go to the playlist to view more: https://www.youtube.com/playlist?list=PLOgckfH7zlZsgwTPTGF7035wtVac0bXc-)
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url | https://www.youtube.com/watch?v=xhenamKwDOo&list=PLOgckfH7zlZsgwTPTGF7035wtVac0bXc-&index=1 |
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Payment Methods
Magenest Subscriptions and Recurring Payments supports following payment methods:
PayPal Express Checkout
PayPal Payments Advanced (Express Checkout)
PayPal Payments Pro (Express Checkout)
PayPal Payments Standard
PayPal Payflow Pro (Express Checkout)
PayPal Payflow Link (Express Checkout)
- Credit Card Direct Post (Authorize.net)
Subscription Product Types
Supported product types for Magenest Subscriptions and Recurring Payments include:
Simple Product
Virtual Product
Downloadable Product
System Requirements
Your store should be running on Magento Community Edition version 2.0.0 or later versions.
Configuration
Configure Subscription
You can configure subscription setting for a new or an existing product.
- Log in your Magento backend system. On Dashboard tab, click Products -> Catalog.
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- For new product, click Add Product or select a product type to start creating a new product on your store (Magento Subscriptions and Recurring Payments supports simple, virtual and downloadable products).
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- For existing product, click Edit.
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- This will lead you to Basic Settings section where you can define your product characteristics.
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- On Basic Settings tab, click Subscription Options .
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- Enable Subscription = Yes/ No.
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- Customer Can Define Start Date = Yes/ No.
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- Maximum Payment Failures: Allows you to set the maximum number of times that customer can fail to pay. When the number is reached, an IPN (Instant Payment Notification) message is sent to you and customer’s account will be suspended automatically.
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- Auto Bill on Next Cycle = Yes/ No. Indicates whether you would like PayPal to automatically bill the outstanding balance amount in the next billing cycle. The outstanding balance is the total amount of any previously failed scheduled payments that have yet to be successfully paid. It is one of the following values:
- Yes - Yes: PayPal automatically bills the outstanding balance.
- No - No: PayPal does not automatically bill the outstanding balance.
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- On Basic Settings tab, click Subscription Billing Configuration.
Billing Options. Enables you to define billing frequency or cycles.
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- Period Unit: is one of following values: Day, Week, SemiMonth, Month and Year.
Billing frequency: is number of billing period that make up a billing cycle.
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