#Dejan - Coach
vale bough
lofty mortar
Hey! Can you elaborate more on the use case
wild shoal
Hi! thank you
Basically, we saw that it's possible to set "payment" or "subscription" for a purchase.
"Payment" is a single payment and invoice, while "subscription" is a recurrent payment with recurrent invoice (monthly or annual, for example)
lofty mortar
Sure, so you're using Checkout
wild shoal
what we wish to have is an annual subscription (by a signed contract for example) but with monthly payment, because our service could be expensive and not sustainable for certain customers to be paid all in once
I was planning to use monthly subscription model, taking off the possibility for the customer to stop the subscription before the expiring time of the chosen offer, according to our terms of services
lofty mortar
You likely want to use a schedule to manage those instalments: https://stripe.com/docs/billing/subscriptions/subscription-schedules/use-cases#installment-plans
wild shoal
for example: customer choose 1 year subscription, he pays monthly but he will not able to discontinue before 1 year
lofty mortar
I was planning to use monthly subscription model, taking off the possibility for...
That's another option, too
wild shoal
That's another option, too
oh okay, so If we write that on our terms and conditions and customer accept those, it will be okay, right? I was scary to break some Stripe rules
if it is allowed by stripe we will do like so
because it is pretty easy
wild shoal
You likely want to use a schedule to manage those instalments: https://stripe.co...
I'm also reading this and it seems good. Will it generate one or multiple invoices?
lofty mortar
It'll generate a new invoice in each 'phase'. S in that example, the annual price would be paid over 12 'phases' each with their own invoice
wild shoal
ok, basically equal to monthly subscription
thanks for all information, you are very kind and clear
If you confirm to me that the two possibilities are equally "legit" and they are up to me, we can close the thread
lofty mortar
Sure, whatever payment structure/agreement you have between your entity and your customers is not really our concern
lofty mortar
np!