Capture More 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 can create and manage products with recurring payments — 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 even set expiration periods.
A subscription-based model will allow you to capture more residual revenue — and all you have to do is ship the orders.
Why Use WooCommerce Subscriptions?
- Multiple billing schedules available to suit your needs
- Convenient automatic payments with over 25 payment gateways
- Supports manual renewal payments through any payment gateway, along with automatic email invoices and receipts
- Delight customers by offering subscribers special discounts on their payments or sign-up fee
- Give subscribers the ability to manage their own plan, including upgrading or downgrading, without needing to wait on you for help
- Offer free trials to increase trust and boost conversion rates
- Built-in renewal notifications let you — and your customers — know when subscription payments have been processed, so there are never any surprises
WooCommerce Subscriptions Features
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 the WooCommerce > Edit Subscription administration screen. You can suspend or cancel a subscription; change the trial expiration, next payment or expiration date; 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 Subscriptions’ renewal synchronisation feature. You can even prorate the first payment of a synchronised subscription purchase.
Flexible Product Options
When 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.
Create variable subscription products and allow your customers to choose a subscription that suits their needs. You can even allow your customers to choose their own billing schedule.
Subscriber Account Management
Your customers can also manage their own subscriptions. With the My Account > View Subscription page, subscribers can suspend or cancel a subscription; change the shipping address or payment method for future renewals; upgrade or downgrade their subscription or pay for a manual or failed renewal.
Allow customers to upgrade, downgrade or cross-grade between different subscription products. With flexible proration options for the recurring amount, sign-up fee and length, you can also customise the costs of switching to a new subscription product to suit the needs of your store.
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.
Be notified and notify your customers when a subscription renewal payment is processed or a subscription is cancelled with the built-in subscription emails.
Capture More Residual Revenue
Whether your goal is to ship a surprise bundle of products to faithful customers every month or bill them for an in-person service provided by your small business, WooCommerce Subscriptions can take the stress out of capturing that all-important residual revenue. You’ll be able to track just how many subscribers you have, when they’re being billed, and how much revenue you’re generating — meaning you’ll always know how much revenue your store can count on as you continue to grow.
How to Get Started
- Buy this extension
- Download, install, and activate the plugin in your WooCommerce store
- Set up your first subscription-based product or service and take it live
- Check out our detailed documentation to help you customise your subscription products, renewal options, and more
- That’s it! Sit back and enjoy earning more revenue!