Payment plans offer your users the flexibility to pay for your programs over time through installments. This feature allows you to make higher-cost programs more accessible while automating the payment collection process for you.
Setting Up a Payment Plan
You have complete control over the structure of your payment plan. When enabling this feature, you will set:
- An Upfront Payment: This is the fixed amount a member must pay at the time of registration to secure their spot.
- Installments: You can define any number of subsequent installments to be paid after the initial registration.
- Payment Frequency: You can choose to have the installments billed automatically on either a weekly or monthly basis.
Payment plans can be configured when you are creating a new session or enabled for a session that is already active.
The User's Registration Experience
When you enable a payment plan for a session, your users will see it as a payment option during the booking process. To register, they will pay the upfront amount you have set. Their saved card will then be automatically charged for the remaining installments according to the weekly or monthly schedule you defined.
Tracking Payment Plan Registrations
Once a user registers using this option, they will appear on your registration list with a tag clearly marked as "PP" (Payment Plan). This allows you to easily identify which users are on an active payment plan.
A Note on Communiti Convenience Fees
All Communiti convenience fees for the entire purchase are collected as part of the first upfront payment made at the time of registration. This ensures all platform fees are handled immediately, and the subsequent installment payments consist only of the amounts owed to you.