Subscription Plan Discounts
There are currently three different Discount Options a merchant can choose when creating new subscriptions. This card will go over each one and exactly what they mean.
Any discount that is set will only ever apply to the product price and will not reduce any other cost, such as Shipping or Taxes.
The three discount options this will cover are Percentage, Fixed, and Set Price.
The Percentage discount is the most commonly used, this will reduce the original product price by the percentage entered.
In the example below, the original price of the product is $70, the discount that has been set will give the customer 15% off the original each month, thus resulting in a saving of $10.15 (which is 15% of $70).
The Fixed option will reduce the original product price by the exact amount the merchant sets the discount to. What this means is if the discount amount is set to $15 and the original price of the product is $70, the new pricing for that product when purchased on a subscription will be $55.
This is what that will look like:
The Set Price option will allow the merchant to set an entirely new price for the product when purchased on a subscription plan. In this case, they would enter the price that they are wanting to sell the product at.
This is not considered a discount as we are not reducing the price of the original product, in this case, the price is changing entirely. This is not limited to reducing the price. It is possible (though not sure why anyone would want this) to increase the price of the product when purchased on a subscription.
In the example below we can see the original price is set to $70 and we have made the new price $48: