Prorating Options: Which Is Right For Your Scenario?
OPTION 1: No Prorating
If you do not want payments to be applied to future payments during a “swap”, then you can select the “No Prorating” option. In this case, it’s as if you’re starting a new subscription from scratch with no previous payments made.
OPTION 2: Regular prorate
This option only looks at the most recent payment. For a monthly subscription, if we are halfway through the month, then half of the last payment will be credited to the new order.
This option is ideal for subscription replacement options, where a user is upgrading or downgrading a monthly subscription plan, for example.
OPTION 3: Fancy prorate
This option looks at all successful payments in a payment plan. For example, if the client has paid 6 payments for a 12-pay payment plan, the price for the new order will be reduced by 50%.
This option is ideal for payment plan payoff scenarios. (Note: The “Fancy” option ONLY shows if you are replacing a finite subscription/payment plan.)
How To Configure the Prorating Option
Step 1: Set Up Your Products
First, set up your products (Tutorial).
Typically, you would have a “one-time-payment” product, and a separate product set up for the payment plan option.
Step 2: Create Your Offer
Now, create two offers as you normally would – one for the one-time payment, the other for the payment plan.
Then, add the payoff option as shown in this video:
Step 3: Embed The Order Form Inside Your Membership Site
Lastly, make sure to embed the order form inside your membership site.
The screenshot below demonstrates what a logged-in user might see if the payments are prorated (the “total” price crossed out, with the pro-rated remainder below).
If a user is not logged in, the order form will only appear as a simple purchase (no replacement will occur).