12min

Plans- Updated

MYFUNDBOX helps selling subscriptions to your products. You need to create and configure plans before selling anything on your site.
Plans are the detailed proposal for doing or achieving something on your site. For example, if you have 'Basic', 'Pro' and 'Max' plans, each of these would be a separate feature within MYFUNDBOX. 
Some of the basic parameters of a plans are:
﻿
﻿
﻿
﻿
S.NO 
FEATURE 
EXPLANATION 
﻿
Plan Name 
This name describes your plan and will appear on your checkout page and the subscriber's invoice as well.   
﻿
Type 
There will be two types of plans to choose as per your convenience  1.        Quantity - A quantity-based pricing plan charges subscribers by the quantity of goods or services they have subscribed for  2.         Variable -A fixed-pricing plan charges subscribers exactly by the price of the plan they have subscribed for  
﻿
**Price ** 
When you set up your subscription plan, enter your set price for either quantity or variable of your choice  
﻿
Currency 
Currency of the region which you would like to price for that plan 
﻿
Billing 
Invoice will be billed for your subscriber in the regular billing cycle duration set here. A plan’s billing cycle defines the recurring frequency with which the subscriber is charged. For example, a plan with a weekly billing cycle charges the subscriber on a recurring frequency of one week.  You can choose from the following billing cycles:  ·         **Daily ** ·         **Weekly ** ·         **Monthly ** ·         **Quarterly ** ·         **Half yearly ** ·         Annually  
﻿
**No Of Billing Cycles ** ** ** 
Billing cycles can continue for a specified period of time given here, a finite plan or until the user cancels the subscription, an infinite plan.    
﻿
**Allow Editable ** ** ** 
Enabling this allows the subscriber to edit the quantity of goods or services. This cannot be applied for variable type of plan as it is fixed.     
﻿
**Minimum  ** ** ** 
You enter the minimum quantity of goods or services the customer needs to purchase in order to avail the plan.    
﻿
**Maximum ** ** ** 
You enter the maximum quantity of goods or services the customer can purchase within the plan limits.   
﻿
Step- wise pricing
Selecting this, allows you give pricing for your quantities according to the number of goods
Plan Name  This name describes your plan and will appear on your checkout page﻿ and the subscriber's invoice as well.  
Type There will be two types of plans to choose as per your convenience 
Quantity 
Variable 
Quantity 
A quantity-based pricing plan charges subscribers by the quantity of goods or services they have subscribed for 
Variable: 
A fixed-pricing plan charges subscribers exactly by the price of the plan they have subscribed for 
Price  When you set up your subscription plan, enter your set price for either quantity or variable of your choice 
Currency Currency of the region which you would like to price for that plan 
Billing Invoice will be billed for your subscriber in the regular billing cycle duration set here. A plan’s billing cycle defines the recurring frequency with which the subscriber is charged. For example, a plan with a weekly billing cycle charges the subscriber on a recurring frequency of one week. 
You can choose from the following billing cycles: 
Daily 
Weekly 
Monthly 
Quarterly 
Half yearly
Annually
No. Of Billing CyclesBilling cycles can continue for a specified period of time given here, a finite plan or until the user cancels the subscription, an infinite plan. 
Allow Editable Enabling this allows the subscriber to edit the quantity of goods or services. This cannot be applied for variable type of plan as it is fixed.  
Minimum  
You enter the minimum quantity of goods or services the customer needs to purchase in order to avail the plan. 
Maximum 
You enter the maximum quantity of goods or services the customer can purchase within the plan limits.  
 Steps to Create a PlanTo create a new plan in your MYFUNDBOX , follow these step:
Click  Plans > + Add Plan. 
In the Add Plan popup, Give your plan name as per your Business need. 
Specify type for a plan, it can be either Quantity or Variable  
If you want your customers to be restricted to the amount specified, then it can be possible with variable 
If your business type involves purchasing in units/numbers, then your plan type needs to be quantity 
Enter the price for each of the quantity or specified variable for your plan 
Select your currency based on your customer region. 
Select Billing cycle from the drop down box containing Monthly, One-Off, Quarterly, Half yearly, Annually, Weekly or Daily 
Enter the duration for the No. of billing cycles of that specific plan should run, by default it will be recurring until the subscription has been cancelled by the admin or subscriber 
Now click save.  
﻿

Updated 03 Mar 2023

Did this page help you?

Yes

UP NEXT

Pay Link

Docs powered by archbee

TABLE OF CONTENTS

No. Of Billing Cycles

Allow Editable

Steps to Create a Plan

S.NO	FEATURE	EXPLANATION
	Plan Name	This name describes your plan and will appear on your checkout page and the subscriber's invoice as well.
	Type	There will be two types of plans to choose as per your convenience 1. Quantity - A quantity-based pricing plan charges subscribers by the quantity of goods or services they have subscribed for 2. Variable -A fixed-pricing plan charges subscribers exactly by the price of the plan they have subscribed for
	Price	When you set up your subscription plan, enter your set price for either quantity or variable of your choice
	Currency	Currency of the region which you would like to price for that plan
	Billing	Invoice will be billed for your subscriber in the regular billing cycle duration set here. A plan’s billing cycle defines the recurring frequency with which the subscriber is charged. For example, a plan with a weekly billing cycle charges the subscriber on a recurring frequency of one week. You can choose from the following billing cycles: · Daily · Weekly · Monthly · Quarterly · Half yearly · Annually
	No Of Billing Cycles	Billing cycles can continue for a specified period of time given here, a finite plan or until the user cancels the subscription, an infinite plan.
	Allow Editable	Enabling this allows the subscriber to edit the quantity of goods or services. This cannot be applied for variable type of plan as it is fixed.
	Minimum	You enter the minimum quantity of goods or services the customer needs to purchase in order to avail the plan.
	Maximum	You enter the maximum quantity of goods or services the customer can purchase within the plan limits.
	Step- wise pricing	Selecting this, allows you give pricing for your quantities according to the number of goods