WooCommerce stands out as a favored online commerce solution that provides businesses the capability to offer goods and services digitally. A notable aspect of WooCommerce is its recurring payments functionality, this feature serves as an excellent method to boost income and reinforce customer loyalty.
Introduction
In this article, we will explain how to set up recurring payments in WooCommerce. We will cover the different types of recurring payments available, how to create a subscription product, and how to manage subscriptions from your dashboard.
Types of Recurring Payments
WooCommerce offers two types of recurring payments: fixed and variable. Fixed recurring payments are set at a specific amount and frequency, while variable recurring payments can vary in amount and frequency based on the customer’s usage or consumption.
Creating a Subscription Product
To create a subscription product in WooCommerce, you will need to go to the “Products” section of your dashboard and click on “Add New.” From there, select “Subscription” as the product type. You can then set the price, frequency, and duration of the subscription.
Managing Subscriptions
Once you have created a subscription product, you will need to manage subscriptions from your dashboard. To do this, go to the “Subscriptions” section of your dashboard and click on “All Subscriptions.” From there, you can view all active subscriptions and cancel or pause them as needed.
Conclusion
Setting up recurring payments in WooCommerce is a great way to increase revenue and customer loyalty. By offering subscription products and managing subscriptions from your dashboard, you can create a seamless experience for your customers and grow your business.