Payment Plan

Overview

A Payment Plan is a reusable billing template for recurring payments. It defines pricing, billing cycles, and collection schedules, serving as a blueprint that can be applied across multiple customers.

Create a Payment Plan

Step 1: Navigate to the Receivables section in your dashboard and click on the Payment Plan tab. Click on the Create Payment Plan CTA

Step 2: Select the country and the currency

ℹ️

The payment plan will be available during checkout only when the country and the currency match to the ones selected during checkout creation.

Step 3: Define the pricing model

• Fixed Amount per billing cycle: Fixed billing amount at a regular frequency (e.g., $50 every month). Ideal for memberships or retainers.
• Pay based on consumption: The billed amount changes based on customer usage, for example, API calls, minutes, or units consumed.

Step 4: Enter the other fields

Step 5: Generate the Payment Plan

Upon filling all the required fields, click on the Create CTA and generate the payment plan.

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Select a payment plan during checkout creation from the Plan field. This allows you to effortlessly set up recurring payments by applying a predefined billing template.