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Billing dates for end of month subscriptions
Florin Dumitrescu
asked this on Jan 10 01:17 pm
Hi,
I would like to know what is the algorithm that Chargify is using for end of month monthly subscriptions. For example, let's suppose I am making a subscription on October 31st. The next payment day should be on November 31th, but since November only has 30 days, the payment would be on November 30th. Considering the fact that December has 31 days, will the December payment take place on the 30th or on the 31st ?
If it would be to take place on the 30th, I assume that all subscriptions older than a year will have the billing date between 1st and 28th (or 29th for leap years).
Best regards,
Florin
Comments
Same question. In fact, similar implementation in my system - If the monthly billing day would be after the last day of a month, I change it to the last day.
This is an important detail so that our system can match up with Chargify.
Same question as well. I am wondering when we set our products up as a "Monthly subscription" what is the formula to decide the next billing cycle? Especially in the case of a customer purchasing a plan on October 31st? Will the next recurring billing date be on November 30th and then on the last day of each month moving forward?