With eCurring you are in control of the moment we charge your clients. Want to make sure people pay the day they register for the product? No problem! Would you rather have everyone pay on the same day of the month? We got you covered! Both possibilities will be explained below: 

I want my customers to pay immediately upon registration

For some products and services it’s preferred to have your customers start paying immediately after they’ve subscribed. For example, if you are offering a software service you’d want your clients to start using that software right away - meaning you want them to start paying right away as well.

The benefit of this is that your cash flow will be spread out over multiple days, which means you have quicker access to your money!

In the next example we will set up a collection of €10 a month on the day of subscription.

The payment rules will look as follows:

  • A recurring amount of €10
  • Period is set to ‘monthly’
  • Frequency is set to ‘every month’
  • Process day is set on ‘subscription day’
  • The repeat option is set to ‘forever’

This is what it should look like:

When a customer signs up for this product or gets assigned this product, the correlating transactions are created within 10 minutes. The first transaction will be processed right away, the second transaction a month later, etc. This means if someone signs up on the 14th of the month, the first and all future transactions will be processed on the 14th.

I want all my customers to pay on the same day

Sometimes it can be smart to have all your customers pay for a certain product or service on the exact same day. For example when you sell socks on subscription basis. At the end of each month you send out all the socks. Before sending them out, you’ll want to be sure everyone has paid for their socks. To ensure this, you could choose to have the transactions be processed on the 26th of the month. A big advantage of this is that most people will have received their monthly salary by that date, so the chances of chargebacks are reduced significantly. 

In the next example we will set up a collection of €10 a month on the 26th of each month.

The payment rules will look as follows:

  • A recurring amount of €10
  • Period is set to ‘monthly’
  • Frequency is set to ‘every month’
  • Process day is set on ‘26th of the month’
  • The repeat option is set to ‘forever’

This is what that would look like:

When a customer signs up for this product or gets assigned this product, the correlating transactions are created within 10 minutes. All transactions will be planned in for the 26th of each month. If your customer signs up on the 12th, this means the first (and every next) charge will take place on the 26th of each month, just like for all other customers registered on this product.

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