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Navigate to MPOWER - Configuration – Billing Frequency
Add new billing frequency (monthly and annual)
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3. Open previously created product and Scroll down to the Subscription Options section and open it
Scroll down to the Subscription Options section and open it
Available For: Recurring Purchase Only
Click on the ‘Manage’ button for opening Recurring Options Management
Is Trial Offered (step1): Off (we kept this of for this basic demonstration)
Start Date(step1): Last Day of the Current Month (since we want to bill people at the end of the month)
Lock Product Price(step1): Off (will allow us to set a custom price for each billing frequency)
Unlock Preset Qty(step1): Off
Billing Frequencies (Step2): Click on Add New button twice and select correspond Billing Frequency (monthly and annual)
Billing Frequencies (Step2): Set the price $4.99 for month and $49.99 for year
click Next and Save
At this point basic configuration of a subscription is done
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4. Creating "Standart plan” and “Premium plan” products
Repeat the same steps above the the only two differences will be
a. different product name, SKU
b. different prices for Monthly and Annual billing frequency. Instead of 4.99, you will type for Standart $7.49/mo ($74.99/year) and for Premium $9.99/mo ($99.99/year) accordingly
Result:
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