MAGENTO 2 SUBSCRIPTIONS AND RECURRING PAYMENTS EXTENSION development

Magento 2 Subscription And Recurring Payment Extension helps to develop a subscription model to let store admins increase recurring purchases on the store by enable the ability for customers to activate subscriptions on products.

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  • Mar 03, 2022

WHO NEEDS MAGENTO 2 SUBSCRIPTIONS AND RECURRING PAYMENTS EXTENSION

It is so important for Magento 2 Stores to improve services besides the purchasing process. Especially, customers will be more satisfied with good subscription plans, auto shipments. This Magento 2 Subscriptions And Recurring Payment Extension enables your customers to subscribe as guest thanks to an auto-registration during checkout. Therefore, store admins can create flexible subscription options catering to the different demands of customers.

BENEFITS OF Magento 2 Subscriptions And Recurring Payment Extension

Magento 2 Subscriptions And Recurring Payment Extension benefit both businesses and customers. On one hand, business owners receive their payments on time and cut down on administrative costs associated with payment delays. On the other hand, customers don’t need to open and act on their invoices every billing cycle. Once a recurring payment system is set in place, the funds will be automatically debited from the customers’ accounts on time, saving them from possible late payment penalties.

IMPROVE USER EXPERIENCE

IMPROVE USER EXPERIENCE

With just one-time digital authentication, it allows store admin to auto-debit customer’s account at the start of every billing cycle. This process reduces the burden on the customer to authenticate a recurring payment at regular intervals and allows them to enjoy products and services.

Reduce late payments and collection time

Reduce late payments and collection time

With Magento 2 Subscriptions And Recurring Payment Extension, the payment collection will be repeated automatically based on predefined schedule. Businesses will spend less time chasing down customers for payments and having awkward conversations about late payments, leaving more time for other essential business tasks.

Improve customer relationships

Improve customer relationships

Recurring payments are much more convenient for customers because they need to enter their billing information only once. Customers don’t need to set any reminders to pay outstanding bills or enter their payment details every billing cycle which helps to create a feeling of goodwill between the business and the customers, ensuring a healthy customer relationship.

Defend against fraud

Defend against fraud

The payment information provided by customers securely in the servers which not only defend the customer's money against fraudulent motives but also reinforce a trustworthy image of the business among customers.

Lower Cost

Lower Cost

Recurring payment helps to reduce the cost of mailing, manual billing, and postage. Thus, it is easier to manage business finances. Also, businesses can efficiently calculate their profit margins. It gives them the chance to pre-plan strategies to expand their business once they receive the profits.

INCREASE TRUST AND BOOST SALES

INCREASE TRUST AND BOOST SALES

Offering subscription billing can lead to strong, lasting relationships with your customers, and a higher customer lifetime value than with a one-time purchase. Your customers can subscribe to several plans at once, boosting conversion and improving your business performance.

FEATURES OF Magento 2 Subscriptions and Recurring Payments Extension

Subscriptions and Recurring Payments Extension takes the subscription service to the next level. This extention helps Magento 2 store owners increase the repeat customers and revenue by seamless rental, recurring, membership, and subscription plans.

HIGHLIGHT FEATURES OF Magento 2 Subscriptions and Recurring Payments Extension

Magento 2 Subscriptions and Recurring Payments Extension enable users to create subscription products easily, set duration types for subscriptions, and provide suitable recurring prices for each type. All subscriptions are logged with all important information, such as order ID, product name, customer name, subscription type, etc.

Subscription on product page

Subscription on product page

Allow your customers to subscribe to products or services and pay using the recurring payments. 

  • Choose between to buy a product on Subscription or buy for one time only. Admin can control from backend if buyers can have this option.
  • Choose from available subscription plan and billing terms as created from magento admin.
  • Define when they want the subscription to start. Admin has control over allowing this option to the buyer.
  • An explanation of the term is available in tooltip for better understanding.

Subscription at cart & checkout

Let customers add their subscription preferences from the cart page itself. 
  • Buyers will be able to see the selected subscription option on both cart and checkout page.
  • Buyers will see only subscription compatible payment methods at checkout to avoid confusion.
  • Multiple subscription products can be bought in the same cart.
  • Subscription products and non-subscription products can be purchased in the same cart.

Subscription at cart & checkout

Magento 2 Subscriptions and recurring payments extension development services

Are you worried about your store not fully-features like your expectation? Understanding each business has different requirements, CMSMART provides a service list to help your store become the best fit for business.

Frequently Asked Questions

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Ms.Janet Tran

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Mr. Vincent Ray

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