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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 off 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 a month and $49.99 for a year
Click Next and Save
At this point, the basic configuration of a subscription is donecomplete
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4. Creating "Standart plan” and “Premium plan” products
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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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