Purchase types
The following table defines the purchase types for products and orders in BillPro.
Purchase type | Description |
---|---|
Single payment | You charge the full purchase price in a single payment. You can add more than one single-payment product to a single-payment order. If your merchant can accept payment in instalments, you can also split payments for an order with one or more single-payment products, and BillPro will create an instalment order. |
Instalment | You charge the price in multiple billing events. You can enter the number of instalments and the interval for charging them. You can enter a deposit amount. BillPro calculates the balance amount by subtracting the deposit from the price. It calculates the instalment amount by dividing the balance by the interval. If the pricing and payment configuration is not locked, you can deselect the option to split payments and create a single purchase order. |
Subscription | You charge a recurring fixed amount (the product price) at regular intervals until the subscription is cancelled. You can select whether a fee or a discount applies to the initial payment or all payments and the amount of time between payments. |
Metered | For a usage-based scenario, you charge a metered variable amount at a regular or irregular interval. You can accept scheduled and unscheduled payments. |
For more details about purchase types and product configuration, see Create your product catalogue
Updated 3 months ago
Create products and orders for the payment types