Name – The name of the payment plan.
Description – A text description of the payment plan.
Recurrence Type – There are currently 2 options here as follows:
Scheduled – The payment plan bills the customer on a set schedule determined by the Frequency below it.
Day Of Month – The payment plan bills the customer on the specified day of each month.
Frequency – Applies only to Scheduled Recurrence Type. This can be set up to bill the customer every X number of Days, Weeks, Months, or Years after a predetermined waiting period.
Day Of Month – Applies only to Day Of Month Recurrence Type. This is the day of the month the customer will be billed on.
Number of Payments – The number of times the customer will be billed. If this is set to -1, the customer will be continually billed at the given schedule, with no stopping point until an administrator closes the payment plan.
Installment Price – The price the customer will be charged at each billing.
Installment Surcharge – An optional surcharge to be added to each installment, on top of the Installment Price.
Installment Product Option - The product option to be placed on the installment invoice. A new product and product option will likely need to be created for this. Note that the price defined for the installment product option will be ignored when processing, and the payment plan Installment Price will be used instead.
Email Customer On Installment – If checked, the customer will be emailed an invoice after each installment is charged to them.
Number of Retries – The number of times to retry charging the customer if they are declined when processing installment payments.
Declined Action – The action to take if the Number of Retries is exceeded for a customer when processing installments. Currently, there are 2 options:
Notify Admin – An email will be notified to an administrator.
Disable License – Any licenses associated with the payment plan will be disabled.
Fulfillment Action – The action to take after the final payment on the payment plan has been received. Currently there is only one option, Nothing. As needs arise, more options will be added here.
Persist Discount Information - If checked, and priority code discount information used for the initial order will be persisted to the payment plan instance. As long as the priority code remains valid, the discount will be reapplied for each recurring billing cycle.
Increment License Expiration: If checked, upon each successful payment, the expiration date of the original license will be incremented by the value of License Expiration Increment Days.
License Expiration Increment Days - The number of days the expiration date of the original license will be incremented after a successful payment plan payment if Increment License Expiration is checked.
Purchase Text – The descriptive text about the payment plan that will be displayed on carts and invoices containing the payment plan. The text will show up at the very bottom of the cart for the ASP cart, and below the Purchase License Text on the .NET cart and on invoices.
Purchase License Text – The descriptive text about the payment plan that will be displayed on line items on carts and invoices. The text will show up below the line item on the cart, and along with the license on the invoice. An example for this text is as follows:
<span style="color: #f00;">This purchase will initiate automatic annual subscription billing for the use of this product. You will be automatically billed US$XXXX per License ID every 365 days for your use of the product.</span> Your purchase receipts will include instructions about how to cancel your subscription when you wish to do so. For any billing inquiries, please contact <a href="mailto:billing@yourcompany.com">billing@yourcompany.com</a>.
Installment Text – The descriptive text about the payment plan that will be displayed on installment invoices. It will show up with the installment product option line item. Example text:
Your product subscription has been extended by 365 days.
Notes:
Once the payment plan is created, it can be tied to any product option, including bundled product options. On the product option add/edit screen there is a new field for Payment Plan. All payment plans will show up in a drop down list. To tie a payment plan to a product option, just select a payment plan from the list and save the change.