mrhumet - installment payments | Stripe Developers | Page 1

frank sableBOT Oct 4, 2022, 7:16 PM

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sick pier Oct 4, 2022, 7:17 PM

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hey there, our recommended way of doing this is using a subscription schedule to set up installments:
https://stripe.com/docs/billing/subscriptions/subscription-schedules/use-cases#installment-plans

Subscription schedules use cases

Learn how to use subscription schedules.

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This example shows a similar model, using 6 monthly payments

nimble void Oct 4, 2022, 7:21 PM

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Thank you. Will it stop the installments once the total price is paid?

sick pier Oct 4, 2022, 7:24 PM

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With the options shown, yes, thats what the end_behavior controls: show this "subscription" (aka recurring payment) continue or end after this schedule is exhausted

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in this case it is set to cancel after the last scheduled payment

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mrhumet - installment payments

nimble void Oct 4, 2022, 7:28 PM

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Is there a non-tech / development way to do this from within the Stripe basic account?

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I have the Product and Customer already created in my account. I typically just send Invoices from within Stripe to my clients but this one wanted an installment plan.

sick pier Oct 4, 2022, 7:36 PM

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Subscription schedules are primarily an API concept, due to the complexity

nimble void Oct 4, 2022, 7:53 PM

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Aha I see. Are there any non-API options?

sick pier Oct 4, 2022, 7:55 PM

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Ah, actually yes

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if you go into that customer and do actions > create subscription you can schedule the end date

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You'll need to create a price for the installment amount first

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but then you should be able to do it

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In that pop over you can click customer > then set 5 cycles

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And itll set the end date for you

nimble void Oct 4, 2022, 8:07 PM

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Fantastic! I've got it set up. Just to confirm before I send this...

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It will break the $5,000 into 5 cycles, $1k a month and then stop

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My confusion is because this shows an end date of March 4 after I set 5 cycles. But it would truly end Feb 4 no? Oct, Nov, Dec, Jan and Feb is 5 installments

sick pier Oct 4, 2022, 8:09 PM

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Is that a recurring price for $5000? If so, that's 5000/mo

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This is what i mean about needing to manually configure the installment price, eg 1000/mo

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then use that

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Yes, the end date would be at the end of the 5th billing period

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so ~1 month later than maybe you expected

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But if you need further help with this, I'd suggested writing in to support

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Additionally, I strongly suggest setting this up in test mode first to ensure the invoices produced are what you want

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That will allow you to be confident in what the customer will receive

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You can create the subscription and look at the first actual (test mode ) invoice

nimble void Oct 4, 2022, 8:11 PM

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Got it. I will create a new product for $1,000 and do this 5 installments as you suggested.

I appreciate your help as I now see this is a discord primarily for Developers 🙏

sick pier Oct 4, 2022, 8:11 PM

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Not a problem 🙂 good luck !

#mrhumet - installment payments