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Hi ๐
This would be an update to the Subscription. We cover how to upgrade/downgrade existing subscriptions in this doc.
https://stripe.com/docs/billing/subscriptions/upgrade-downgrade
Thanks - if I understand correctly, I need to update the yearly subscription item's price, and specify proration_behavior=none, which will mean they only get billed the new yearly rate at the next yearly billing interval? Does this trigger any kind of email notification to them, or ask them for approval?
No, it will just show up on the next invoice and payment. It's up to you how you want to notify the user.
great - and does stripe automatically email customers either just before or just after every yearly subscription payment is taken? or is that for me to do?
You can configure that in your dashboard, which is a good idea to do for a yearly subscription in case your customers need to update their payment methods.
Take a look here: https://dashboard.stripe.com/settings/billing/automatic
You can configure Stripe to automatically send emails about cards that are about to expire and renewals that are about to occur
ok great, thanks, I appreciate your help. One last thing - am I correct that the standard fee to do recurring payments is 0.5% on top of the regular stripe fees?
Unfortunately we don't know anything about how fees are assessed here ๐ข
We're only focused on coding integrations with Stripe APIs. To get good answers on fees you would want to talk with Support
I wasn't sure what the difference is between Starter and Scale, which is 0.5% vs 0.8%
ah acutally i found the page
ok thanks for all of your help, much appreciated
Sure thing! Happy to help ๐