Review of [M2] Subscription & Recurring Payments extension
Current extension version: 1.2.0
Create flexible subscriptions for your products or services
Allow to check compatibility with Magento versions, helpful during customization process
Built around most common use cases, backend interface closely matches actual admin workflow
Our quality assurance guarantees extensions that are compatible, customizable, and scalable
Pick a quick tutorial to learn about various aspects of this extension.
Subscription and Recurring Payments extension for Magento 2 allows adding a subscription option to any product on the store. Adjustable subscription plans let store administrator offer the most convenient delivery options, set up subscription start date, trial period and initial fees. Depending on the extension settings, customers can purchase either a single item or subscribe for daily/weekly/monthly supplies. When purchasing a subscription a recurring billing profile is created on the payment gateway side. Customers can manage recurring payments from a dedicated account settings. Once subscription starts customers are charged automatically and orders placed accroding to the subscription plans set.
Case Studies on how to :
Increase sales by providing customers with subscription billing and subscription options for products and services.
Subscriptions become a competition factor determining the quality of provided services. Customers start to require subscriptions as default functions, and make sellers to consider them as must-have functionality.
Subscription and Recurring Payments for Magento 2 is a straightforward dedicated extension that allows adding subscription options to any product. Highly customizable subscription plans allow Magento merchants to provide customers with the most suitable alternatives. The functionality provided by the extension allows you to manage ecommerce recurring payments and create subscriptions valuable for both parties.
Customers are able to get products regularly and in time, stay calm about their payments, achieve greater convenience and save time.
Meanwhile, merchants obtain continuous and predictable cash-flows and revenues, effective customer retention, fixed product costs, without discounts and other price cuts.
Subscription ecommerce models can be used successfully both in products and services, B2B and B2C areas.
Subscriptions start coming to the forefront. the segment have grown 3000% for the last three years and numerous traditional merchants like Starbucks and Sephora start adding ‘boxes’ to their offers.
Apply an entrance fee to any subscriptions offered at your store (e.g. membership).
Every subscription plan created with the extension can have an entrance fee applied to it. When enabled within a subscription plan, the entrance fee can be set and managed on the product level. Complex products, such as configurable ones, can have an individual entrance fee set per child product.
Depending on the product or service offered, the entrance fee can cover the most of the product cost, while recurring payments will play a support role, reminding store administrator and customer of the subscription prolongation.
Thus, having set an entrance fee of $200 for the gym, you can charge customers each month for $20 to create a membership service.
Thoroughly thought out and calculated membership on subscription service with an Initial Fee enabled, can cover both: service costs and membership expenses.
Motivate new sales using trial periods with discounted prices.
The customers that are not sure about the value of provided items need and even ask for some incentives to accept products or services. They really appreciate a chance to ease the burden just as they evaluate the provided benefits and discounted trial periods are the thing they need.
The Magento 2 Subscription and Recurring Payments extension allows you to provide individual trial prices for each product and specify the number of trial periods for each subscription plan. The discounts provided during trial periods are shown at cart pages and just clear for customers.
Trial periods reduce the barrier to enter the first subscription purchase, make customers loyal to your brand and thankful for the provided favor. According to statistics, up to 75% of trial users become regular customers increasing your sales and revenues.
Enlarge the average order value with the functionality allowing customers to purchase multiple products within a single subscription.
Purchasing products each within a separate subscription is quite frustrating for customers. The Subscription and Recurring Payments module for Magento 2 avoids this nuisance and allows customers to add multiple products in one subscription.
Using this functionality customers are able to form their own product kits so called ‘boxes’. Surprisingly, the variety of popular boxes is just incredible: products for pets, snacks, cookies, beauty products, DIY activity supplies, wine, food, books, vitamins and supplements, tea and coffee sets, toys and children products, etc.
Using the multi product subscription functionality you can offer your customers a chance to create individual and tailored sets of products they need recurrently. You can also recommend some generic and popular suites joined by the same idea or way of use.
This way, you can provide your customers with the required level of shopping convenience and increase the general volume of sales with extra products added to their subscription carts. That’s just extremely important as far as striking 41% of retail revenues in the U.S. come from repeat purchases, presented only by 8% of all visitors.
Check out selected features below or view documentation for a full feature list
The extension supports Authorize.Net, Stripe and PayPal Express checkouts.
The extension adds an option to purchase any product as a subscription, single item or both, letting Magento 2 store accept recurring payments.
Special price for the trial period can be added to promote subscriptions in general or let store customers benefit from the recurring payments.
Payment gateway "notifies" Magento of every subscription iteration. Orders are placed whenever customers are charged.
Make your ecommerce recurring payment supplies available worldwide with targeted subscription plans on different languages.
Any taxes or entrance fees implied? These can be covered with the Initial Fee setting.
"Subscribe" button automatically calculates the discount if there is a difference between original and subscription prices.
Every subscription, all associated orders and customer information can be found in the subscription grid of the admin panel.
Recurring payments extension supports all product types but for grouped and gift cards.
Store administrator can decide if the payments should be charged daily, weekly, every X time interval.
Backend interface of the extension has been built to provide administrator with the most convenient management tools.
Subscription profiles are created in the backend and are available for all products. However each product comes with individual subscription prices.
Subscription option can be added to multiple products at once in a couple of clicks.
Want to make sure customers find best delivery options? Create as many plans as you want.
Subscriptions are stored and processed on the payment gateway side. Payment Gateway interacts with Magento to place orders and update subscription information.
With quick identification of the subscription options and terms, subscription checkout has been designed to streamline shopping experience. Subscription plans are represented with informative cards covering all details.
Subscription plans at the cart and checkout pages are adjusted automatically to fit the screen borders.
Subscription plan description can be visualized using HTML tags and images.
Let your customers choose the convenient subscription start date.
Dedicated customer account section allows suspending and cancelling active subscriptions.
Both billing and shipping address can be edited eliminating the need to cancel subscription upon moving to different location.
Customers can purchase any number of products within a single subscription. These A4 office papers are nothing without montly coffee supplies.
Subscriptions can be purchased by the guest customers, limiting subscription management to payment gateway side.
Let customers checkout with the payment method preferred.
More systems available for recurring payments: Braintree.
Subscription plan adjustments and additional product settings.
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