Subscription and Recurring Payments for Magento 2
Tags: subscriptionplugin, recurringpurchase, plansforsubscriptionspayments, magneto2subscriptionpayment
Published: 2022-06-27 11:38:46

Businesses are now offering recurring payments like either they are selling a goods such as mixer grinder, bike or etc. or selling a services like digital marketing, graphics or etc. 

The new marketing strategies are planning based on the customer comfort. They're considering all type of customer to buy their services and goods. 

Magneto is also one of the top-most ecommerce technology worldwide. We understand that payment is a critical thing that's why we have developed a plugin that fulfills you requirement for recurring purchase. 

[Magento 2 Subscriptions and Recurring Payments extension](https://www.milople.com/magento-2-extensions/recurring-and-subscription-payments-m2.html) drives the highest customer loyalty, repeat business, and flow of revenue. Magento 2 subscription extension by Milople allows store owner to sell your products and services with rental, recurring, membership, and plans for subscriptions payments on your Magento store. 

The admin or store owner can create monthly, weekly, daily, or any other timely plans using a subscription payment processing extension. The Magento subscription will renew the orders at the given interval and will charge recurring payment to the buyer's card.

Let's check the advanced and rich functionality of the Magento 2 subscription and recurring payment extension. 

## Feature List

> Subscription option on the product page

Admin can decide whether he wants to enable the subscription option or not from the backend. Buyers can select the subscription option and term from different subscription terms available(the term details are available in the side tooltip).

> Plans and Terms

Admin can create plans and terms based on their business requirements. However, the admin can set the terms frequency-wise like 15 days, weekly, monthly, quarterly, half-year, yearly, etc. Moreover, the admin can also set the term price as a fixed price or percentage of the product price. 

> Discount with subscription extension

The store owner or admin can also set the discounts on the product and can count it with a subscription and recurring plugin. There are 3 options available. 

- All terms of the subscription plan
- First-term only (To convince buyers to join the plan)
- All except the first term (To motivate buyers to continue the plan)

The discount price can be a fixed value or percentage of the product price. Also, the admin can decide whether he wants to set it for this discount for a specific group of customers or not. 

> Customer’s order management 

Customers can see all the details of the subscription payment order from My Account > My Subscription. The buyer can cancel the order anytime they want. And admin can allow it. 

> Subscription order management for Admin 

Admin or store owner can track the subscription orders and manage them. Certainly, the admin can access the following details for each order.

- Subscription start and expiry date
- Next payment date
- Plan and term
- Customer, products, and order information
- Status of subscription
- Can see all payments received under an order

Although, the admin can also change the status of each order from the backend. 

> Email Notifications 

The email notification feature allows the admin to send the email notification to the customer regarding the subscription order such as: 

- Subscription order confirmation
- Upcoming payment reminder
- Payment confirmation
- Notification about subscription status change
- Subscription expiry reminder


That’s not enough. There are a lot of benefits and reasons to choose the Milople Magento 2 subscription and recurring payment extension. 

Integrate [Magento 2 recurring payments extension](https://www.milople.com/magento-2-extensions/recurring-and-subscription-payments-m2.html) to your eCommerce store. With recurring purchase orders once placed, will be renewed at regular intervals and charged on a timely basis.

Please feel free to reach out to us in case of any queries or questions you have regarding this extension. 
Happy Shopping:)