Subscriptions
Managing Subscriptions with Buckaroo
Introduction
Buckaroo offers a comprehensive solution for handling subscriptions, allowing merchants to outsource periodic invoicing, reminder schemes, and bill runs. Here are the key aspects of managing subscriptions within the Buckaroo environment:
- Product: Minimum unit to be purchased.
- Invoicing: Frequency and periods of invoices.
- Credit Management: Reminder schemes for unpaid invoices.
- Payment: Payment methods and notifications.
Steps to Manage Subscriptions
Start Subscription
- Inform Buckaroo by sending a single message with subscription details.
- Optionally, combine with an initial payment or identification method.
Change Subscription
- Send a single message to update the subscription (e.g., upsell, downsell).
- The subscription is updated immediately without needing to cancel and create a new one.
Cancel Subscription
- Send a single message to stop the subscription, halting future invoicing.
Managing Active Subscriptions
- Add Product: Add a new rate plan and specify a future start date.
- Change Product: Update parameters for upsell or downsell without stopping the subscription.
- Stop Product: Remove a product by adding an end date to its price plan.
Integration with Credit Management
Subscriptions are tightly integrated with Buckarooβs Credit Management:
- Bill Runs: Trigger the Credit Management module, sending invoice push notifications to the merchant.
- Mutation Messages: Merchants receive updates on invoice payments and reminder statuses.
- Custom Reminders: Adjust reminder schemes as needed.
Considerations
Who Executes the Bill Run?
- Credit Management: Use if you handle invoicing in-house.
- Subscriptions: Use if the invoice amounts are consistent and you prefer Buckaroo to handle billing.
Invoice Amount Consistency
- Subscriptions: Ideal if the invoice amount is always the same.
Frequency of Mutations
- Subscriptions: Use if the number of mutations per invoice period is manageable.
Subscription and Credit Management Integration
- Start Subscription: Send a message to generate the subscription with product details.
- Bill Run: Buckaroo starts billing at the specified start date.
- Invoice Handling: Credit Management handles payment invitations, reminders, and potential debt collection.
- Payment Monitoring: All payment actions are tracked, stopping reminders once invoices are paid.
- Updating Subscriptions: Use update messages to modify subscriptions and products for future bill runs.
Credit Management Only
If there is a consumer administration, there might be a good reason for the Merchant to do the billing in-house. In that case, only the Credit Management solution from Buckaroo is used. Buckaroo is still able to process the invoice lines.
Different Ways to Start a Subscription
- Digital Direct Debit: Only in the Netherlands, shares IBAN details with the merchant.
- Irreversible Payment Methods: Includes iDEAL, Bancontact, and Sofort.
- Reversible Payment Methods: Includes credit card and PayPal.
- Notification Payment Methods: Includes PayPerEmail for selecting a preferred payment method.
Updated 3 months ago