You’re probably already selling one-time digital products to your customers. Do you have products that you can sell to your customers on a regular basis?
Recurring Revenue is a more predictable source of income that allows you make better forecasts and to make major business decisions.
Why use recurring bill?
- Automated billing means that you don’t have to ask for a renewal payment every month or send invoices every year.
- Automated systems allow for fewer late and missing payments.
- The risk of fraud is reduced because there’s less circulation of sensitive information.
- Customer retention usually goes up because they don’t have to make a new buying decision or take the time to re-enter their payment information every month or year.
Realistically, setting up recurring income with your online shop might be the most important business decision that you ever make.
Multiple payment gateway support
Recurring Payments These payment gateways are supported:
- Stripe Standard (included) Easy Digital Downloads)
- Stripe Pro
- PayPal Standard (included) Easy Digital Downloads)
- PayPal Commerce Pro
- Authorize.net
- NETbilling Gateway (3rd party)
- Paddle Payment Gateway (3rd party)
- Payfast for Easy Digital Downloads (3rd party)
We recommend pairing Recurring Payments With our Stripe Pro Payment Gateway extension. It’s our most popular premium gateway for Easy Digital Downloads How the site processes most of its transactions.
This is an extremely powerful tool for anyone who sells software, services or courses licenses. It is simple and fully integrated with the Recurring Payments extension, there’s no need for customers to manually return and purchase again.
Stripe is also the preferred payment gateway. Easy Digital DownloadsWe are also officially a Stripe verified partner. Stripe partners recognize applications that meet their strict quality requirements. This allows us to provide better services for our customers.
Recurring Payments Features
Flexible recurring payments
You can easily set up recurring payment arrangements for any product, daily, weekly or monthly, as well as semi-annually and annually.
You can easily change the recurring period, the frequency they recur and the cost. Variable pricing products may have recurring or non-recurring price options.
Customer emails
Automated emails can be sent to customers to notify them when their subscription is about to expire, when a renewal process has been completed, when a subscription has been cancelled or if a payment has failed.
Reminding customers about their subscription will help reduce refunds and disputes. You can even explain to your customers why they may want to renew or upgrade their subscriptions.
Multiple subscriptions
If you sell multiple recurring products, your customers can keep as many subscriptions as they wish. They can cancel or renew any time they need from their account area.
Trials are free
Want to let your customers try your product before they’re charged? Your subscription products can include a free trial period of any length. When customers complete the free trial, they are automatically charged with their billing details.
Sign up fees
You can add a signup fee to your customers to make them pay a higher up-front payment. To charge subscribers $50 for a $20 per-month product, add $30 to the signup fee.
Subscription management
A complete interface allows you to view and manage subscriptions. This makes it easy to take care of customers and keep track of your subscriptions. You can search by customer or filter by subscription status, such as active, pending and cancelled.
Select a subscription to drill into and find their payment in StripePayPal, or any other payment gateways. Manually change a subscription’s status, add notes and record manual payments with a couple of clicks.
Renewal revenue reports
You can track your recurring revenues with beautiful earnings graphs that are easy to read. To get a better understanding of your returning customer sales, you can see a breakdown of renewal payments and new purchases.
Limit file downloads
You can also restrict file downloads of recurring product files to customers who have an active subscription. This allows you to ensure that customers who cancel a subscription do not have access the product downloads, unless they choose to renew or buy again.
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