Amasty developed a brand new M2 extension called Subscriptions & Recurring Payments. As it says on the tin, it helps to sell products via subscriptions in your Magento 2 powered online store.
M2 Subscriptions & Recurring Payments
Subscriptions are definitely a trend. According to a McKinsey research “15% of online shoppers have signed up for one or more subscriptions to receive products on a recurring basis”. The market seems to grow by about 20% a year.
The extension is useful for online stores selling both physical and virtual products such as applications, movies, music and online courses. It helps to turn single purchases into recurring ones and build long-term relationships with customers to ensure brand loyalty.
After the extension has been installed, you can choose products to be available for subscriptions or for a regular purchase. So, you can sell both types of products at the same time.
Right after a subscription purchase the module will automatically create a new billing cycle. The money will be charged from the customer’s bank card. The extension will automatically generate an invoice and send it to the customer’s email.
You can also create automatic email notifications to motivate customers subscribe when the trial period is over or when the subscription has expired.
- Sell subscriptions alongside regular products
- Charge initial fees and offer free trials
- Get recurring payments via Stripe via automatic invoicing
- Automatic notification of customers on subscription events
- Easily track and manage all subscriptions via a handy grid in the admin area
Pricing, Support & Updates
The M2 Subscriptions & Recurring Payments extension can be all yours for $499 for the free Community edition. The Enterprise edition is available for an extra $300. Amasty are also offering a discount of up to 10% if you purchase a bundle with two additional extensions including Promo Banners and Abandoned Cart Email for Magento 2.
Amasty are providing a 60-day money-back guarantee, free lifetime updates, free support for three months, a paid installation service as well as a detailed documentation including FAQs, videos and a user guide. Optional renewals of support periods are up to 25% off.