What happens if a discount amount is greater than one payment of a recurring payment product? For example, if a discount code of $25 is applied to a product costing $10 per month? Is the discount spread over the 3 first payments ($0, $0, $5, then $10...)? Or is it just applied to the first month ($0, $10...) and the remaining of the discount is lost?
I got an answer from the developer here:
https://easydigitaldownloads.com/blog/free-trial-support-added-recurring-payments/#comment-1060317
The short answer is that the discount is just applied to the first month.
Related
I am building a financial model and adding loan payments, and want the payments to start on a conditional start date.
I can calculate the PMT amount for a loan, but cant seem to get the payments PMT to show up in the specific start date (month) and to end when the balance is 0.
[1]: https://i.stack.imgur.com/4VWzk.png
I have a start date in Column J and calculated the payment, but I get an error message.
I tried the following, but not sure where I am going wrong.
J61 pmt start date either Jan 1 or June 1 2023
S2- start of the month
S4- end of the month
PMT(rate, nper, pv, [fv], [type]) this works
NPER= number of payments
=IFERROR(IF(AND(J61>S3,J61<=S4,1,0)),PMT(G61/H61,I61*H61,F61))
Not sure how to incorporate the ending balance into this formula.
End date with Balance equals= 0
Since your financial model has monthly granularity of calculations, it is not clear how you want to allocate the payments for loans that have intra-month start dates.
Here is a very simple solution that will not allocated pro rata for the days of a month, but allocated the total monthly payments starting with the month of the start date.
=(S$4>=$J61)*(S$4<=EDATE($J61,$H61)-1)*$K61
Which looks like this
So, as you can see in the screenshot, although the start date for the 1st loan is the 31st of January, there will already occur the full PMT amount for the month of January in the timeline.
I have a PayPal billing plan for recurring payments. But I need to achieve a scenario where if a user subscribes to my billing plan in the middle of a month then he will be charged instantly and the next billing date will be the first day of next month. How this scenario can be solved?
What type of billing plan for what type of recurring payments? There's like 5+ different APIs and versions.
With the the newest Subscriptions API, you could have a plan that charges a setup fee for your instant charge:
"payment_preferences": {
"setup_fee": {
"value": "10",
"currency_code": "USD"
},
and in billing cycles has a "tenure_type": "TRIAL" with no pricing_scheme that lasts XX amount of days, where XX is calculated by you to be the number of days remaining in the current month that you don't want to charge. Then after the initial XX day trial there would be a "tenure_type": "REGULAR" for charging every month.
https://developer.paypal.com/docs/classic/express-checkout/integration-guide/ECRecurringPayments/
I understand that setting BILLINGPERIOD to MONTH and BILLINGFREQUENCY to 1 will charge the user once a month.
But according to the above link, TOTALBILLINGCYCLES is optional and is set to 0 by default. So if I don't include that option, will the user be charged once a month forever or stopped after charging for the first year (12 times)?
Also, I want to charge the user for the first year only. What should i do? Should i set TOTALBILLINGCYCLES to 1 to achieve it?
Please advise.
Thanks
Please find TOTALBILLINGCYCLES in the link below:
https://developer.paypal.com/webapps/developer/docs/classic/api/merchant/CreateRecurringPaymentsProfile_API_Operation_NVP/
For the regular payment period, if no value is specified or the value is 0, the regular payment period continues until the profile is canceled or deactivated.
If you want to charge the user for the first year only, TOTALBILLINGCYCLES depends on your billing period.
If you set BILLINGPERIOD=Month and BILLINGFREQUENCY=1, you should set TOTALBILLINGCYCLES=12 to charge one year.
If you set BILLINGPERIOD=Year and BILLINGFREQUENCY=1, you should set TOTALBILLINGCYCLES=1 to charge one year.
I've got a form which is automatically submitted to paypal. If someone signs up for a recurring subscription, the following fields are added to the form:
cmd=_xclick-subscriptions
a3=(dollar amount)
p3= (billing frequency)
t3= (billing period)
p3 and t3 are always 1 and M (once every month). Read a paypal document which said changing that to once every day would actually force the recurring payments to happen every minute instead of day. I tried doing this but it's not rebilling every minute.
Is there something else i have to do in order to trigger a recurring payment?
In t3 here M stands for month not for minute, so t3=M and p3=1 means every month.
I want to implement recurring payment in PayPal with variable amount. I successfully implement recurring payment with constant amount. But i don't know how to implement the recurring payment with variable amount,
Very typical scenario would be Telephone Bill amount deduction by the service providers.
If my September month bill contains Rental : 20 Euros, usage : 15 Euros, then the deduction would be 35 euros
Next if my October month bill contains Rental : 20 Euros , usage : 25 Euros, then the deduction would be 45 Euros.
Next if my November month bill contains Rental : 20 Euros , usage : 50 Euros, then the deduction would be 70 Euros.
Considering the above scenarios, please advise how to handle it from both the sides..
Thanks in advance..
Riyaz
You might have to simply automate the PayPal payment from your end,
not automatically from PayPal's end. You can't have a subscription
that varies in price, so you'll have to do a single charge every
month, with the amount you specify. (As far as I know)
That also means that you'll have to manage the subscriptions on your
end (pretty easily doable), and there will be no way for the user to
un-subscribe from the PayPal side.