Extension Price

Published on
January 3, 2024
Written by
written by Garima Singh
TABLE OF CONTENT

Introduction

The extension price determines the subscription fee that applies once the minimum subscription duration is over and the subscription continues through auto-renewal. This price ensures that your business charges customers correctly beyond the initial contract period.

The extension price is especially important for:

  • Prepaid subscriptions, where the full amount is charged upfront for a set period, and a monthly price needs to be defined for the post-prepaid phase.
  • Regular subscriptions, where you may want to apply a different rate after the minimum term is completed.

Feature overview

The extension price is configured per product variant in the circuly Hub It is used when:

  • A subscription continues after the minimum commitment.
  • A prepaid subscription transitions into a regular monthly billing model.

Good to know

  • The extension price only becomes relevant after the minimum contract period is completed.
  • The subscription will continue at this price unless manually changed or cancelled.
  • The extension price appears in the subscription creation screen, but it can only be edited via the Products > Variants section.

Step-by-step guide: Set or edit extension price

  • Go to the Products tab in your circuly Hub.
  • Navigate to the Variants section.
  • Select the variants you want to update by checking the boxes next to them.
  • Click the Edit extension price button.
  • In the input field, enter the monthly extension price that should apply after auto-renewal.
  • Click Save changes.

Once set, this price will be automatically applied when the subscription enters its extension phase.

FAQ

Q: Can I leave the extension price blank?
A: No. It’s strongly recommended to define an extension price to avoid disruptions or errors in billing after the minimum subscription period.

Q: Does the extension price override the initial monthly price?
A: Only after the minimum contract period ends. The initial monthly or upfront price remains in effect until then.

Q: Can the extension price be changed later?
A: Yes. You can return to the Variants list at any time and update the extension price.

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Extension Price

Introduction

The extension price determines the subscription fee that applies once the minimum subscription duration is over and the subscription continues through auto-renewal. This price ensures that your business charges customers correctly beyond the initial contract period.

The extension price is especially important for:

  • Prepaid subscriptions, where the full amount is charged upfront for a set period, and a monthly price needs to be defined for the post-prepaid phase.
  • Regular subscriptions, where you may want to apply a different rate after the minimum term is completed.

Feature overview

The extension price is configured per product variant in the circuly Hub It is used when:

  • A subscription continues after the minimum commitment.
  • A prepaid subscription transitions into a regular monthly billing model.

Good to know

  • The extension price only becomes relevant after the minimum contract period is completed.
  • The subscription will continue at this price unless manually changed or cancelled.
  • The extension price appears in the subscription creation screen, but it can only be edited via the Products > Variants section.

Step-by-step guide: Set or edit extension price

  • Go to the Products tab in your circuly Hub.
  • Navigate to the Variants section.
  • Select the variants you want to update by checking the boxes next to them.
  • Click the Edit extension price button.
  • In the input field, enter the monthly extension price that should apply after auto-renewal.
  • Click Save changes.

Once set, this price will be automatically applied when the subscription enters its extension phase.

FAQ

Q: Can I leave the extension price blank?
A: No. It’s strongly recommended to define an extension price to avoid disruptions or errors in billing after the minimum subscription period.

Q: Does the extension price override the initial monthly price?
A: Only after the minimum contract period ends. The initial monthly or upfront price remains in effect until then.

Q: Can the extension price be changed later?
A: Yes. You can return to the Variants list at any time and update the extension price.