How to Setup Magento 2 Subscription Extension for Recurring Payments?

• What is Magento 2 Subscription Order Extension?

• Features of Magento 2 Subscription and Recurring Payments Extensions

• Top 5 Magento 2 Recurring and Subscription Extensions

• How to Setup Magento 2 Subscription Recurring Payment Extension

• How do Magento Subscription and Recurring Payment Module Optimize Magento Sales?

• Examples of Using Magento 2 Subscription Module

• FAQs

• Summary

What is Magento 2 Subscription Order Extension?

The Magento 2 Subscription Extension lets store owners create flexible subscription plans.

A Magento 2 Subscription Extension allows store owners to offer recurring payment options. It includes membership plans that improve customer loyalty. It helps businesses create subscription plans that automatically renew at set intervals like:

• Monthly

• Weekly

• Yearly.

The Magento 2 Subscription Extension offers various features, including:

• Rental services

• Membership packages

• Recurring payments for products

It also enhances the customer experience with:

• Discounts for subscribers

• Special benefits for members

Store owners can boost customer retention with convenient subscription options. It also helps increase repeat business. The extension simplifies payments to both companies and customers. It makes managing orders more accessible and more efficient.

Features of Magento 2 Subscription and Recurring Payments Extensions

1. Flexible Subscription Plans

Magento 2 Subscription Extensions offer flexible subscription plans. These plans can be renewed at different intervals. Store owners can set subscriptions to be:

• Monthly

• Weekly

• Daily

This flexibility caters to various customer needs. Multiple subscription options can be created for different products. These flexible plans make it easier for customers to find a plan that works for them.

2. Automated Recurring Payments

The extension supports automated recurring payments. Payments are processed automatically at regular intervals. Customers can choose from:

• PayPal

• Credit cards

This feature eliminates the need for manual payments. It ensures smooth and secure transactions. Automated payments make the process convenient for both customers and store owners.

3. Membership Plans and Discounts

Store owners can offer membership plans with special discounts. These plans help build customer loyalty. Membership options can include:

• Tiered membership levels

• Exclusive discounts

• Special benefits

Offering membership plans encourages long-term engagement. It leads to increased customer retention and repeat business.

4. Customizable Subscription Terms

Magento 2 Subscription Extensions allow for customizable subscription terms. Store owners can set the length of subscriptions. Options include:

• Monthly

• Quarterly

• Annual

This flexibility lets customers choose the best subscription term for them. Customizing terms enhances the customer experience.

5. Customer Self-Management

The extension enables customers to manage their subscriptions. Customers can:

• Update payment information

• Change delivery addresses

• Modify the following delivery dates

It gives customers control over their orders. Self-management reduces admin involvement and improves the overall shopping experience.

6. Free Trials and Initial Fees

The extension offers free trials and the ability to set initial fees. Store owners can:

• Offer a trial period to attract new customers

• Set initial fees to cover setup costs

These features increase conversions and help lower customer acquisition costs. Free trials build trust and encourage more subscriptions.

7. Multiple Payment Methods

Magento 2 Subscription Extensions support multiple payment methods. Customers can pay using:

• Stripe

• PayPal

• Cash on Delivery

Providing a variety of payment options increases convenience. It also builds trust by offering secure payment gateways. More payment methods lead to higher customer satisfaction.

8. Email Notifications and Reminders

The extension includes email notifications for customers. These notifications can:

• Remind customers of upcoming renewals

• Notify them of successful payments

• Update them about subscription changes

Store owners can customize these notifications. Keeping customers informed improves engagement and reduces missed payments.

Top 5 Magento 2 Recurring and Subscription Extensions

1. Membership Subscription for Magento 2 by Mage Delight

Details	Explanations
Extension Link	Membership Subscription for Magento 2 by Mage Delight
Benefits	Create and manage unlimited membership packages Offer membership-specific promotions and discounts Increase customer loyalty with renewal notifications SEO-friendly configuration Unique tags for featured membership packages
Price	Magento Open Source: $199 Adobe Commerce: $399 Adobe Commerce Cloud: $499

2. Subscriptions & Recurring Payments by Amasty

Details	Explanations
Extension Link	Subscriptions & Recurring Payments by Amasty
Benefits	Offer flexible subscription options like free trials and discounts Compatible with multiple payment methods (Stripe, PayPal, Amazon Pay) Multi-currency support Secure payments with Stripe 3D Secure Lower customer acquisition costs and increase recurring sales
Price	Community: €399 Enterprise: €699 Magento Cloud: €995

3. Advanced Subscription Products for Magento 2 by Aheadworks

Details	Explanations
Extension Link	Advanced Subscription Products for Magento 2 by Aheadworks
Benefits	Allow both subscriptions and one-time purchases in one cart Customizable subscription plans for all product types Customers can manage subscriptions from their account Free shipping for subscription products Flexible pricing options for different customer groups
Price	$50.00/Month

4. Magento 2 Recurring and Subscription Payment by Webkul

Details	Explanations
Extension Link	Magento 2 Recurring and Subscription Payment by Webkul
Benefits	Manage subscriptions with online (PayPal, Stripe) and offline payments Set up recurring payments for various subscription durations (daily, weekly, monthly, yearly) Allow customers to manage subscriptions, including canceling or holding Configure Adobe Commerce PayPal recurring payments Compatible with Hyvä Themes
Price	Magento Open Source: $99 Adobe Commerce: $198 Adobe Commerce Cloud: $198

5. Magento 2 Subscriptions & Recurring Payments by Milople

Details	Explanations
Extension Link	Magento 2 Subscriptions & Recurring Payments by Milople
Benefits	Sell products with customizable recurring payment plans Offer subscription options like initial fees and flexible terms Allow users to manage subscription start dates and frequencies Highlight initial fees and product prices for transparency Reduce cart abandonment with easy subscription checkout
Price	Magento Community Edition: $99.00 Magento Enterprise Edition: $249.00

How to Setup Magento 2 Subscription Recurring Payment Extension

1. Enable the Extension

Go to the backend and enable the extension. It activates the recurring payment feature for your store.

2. Set Subscription Price Scope

Choose the subscription price scope. You can select either Global or Website based on your store’s needs.

3. Select Mode (Sandbox or Production)

Pick the mode for the extension. Choose Sandbox for testing or Production for live payments.

4. Enter the Recurring Payment Method Title

Enter a title for the recurring payment method. This title will be shown to customers at checkout.

5. Configure PayPal API

Add your PayPal API username, password, and signature. It connects the extension to PayPal for recurring payments.

6. Select Countries for Payment Acceptance

Decide if you want to accept payments from all countries or only specific countries.

7. Set Sort Order for Checkout Display

Set the sort order for the payment method. It will control where it appears during checkout.

How do Magento Subscription and Recurring Payment Module Optimize Magento Sales?

1. Enhances Revenue Stability

• Subscriptions provide a consistent revenue stream.

• Predictable income helps with better financial planning.

• Store owners can forecast sales more accurately.

• Reduced reliance on one-time purchases boosts business security.

• Monthly and yearly plans ensure long-term income stability.

• Store growth becomes more sustainable with recurring payments.

2. Improves Marketing Effectiveness

• Targeted marketing campaigns for subscription users.

• Subscription data helps identify customer behavior and preferences.

• More accessible to promote upsell and cross-sell opportunities to subscribers.

• Automated email campaigns boost engagement and renewal rates.

• Lower effort is needed for customer re-engagement.

• Personalized offers and promotions increase customer loyalty.

3. Reduces Cart Abandonment Rates

• Single-step Magento checkout for subscriptions minimizes abandonment.

• Customers are more likely to complete the purchase with simplified payment processes.

• Automated renewals remove the need for manual re-purchases.

• Easier checkout reduces friction and improves conversion rates.

• Transparent pricing and subscription benefits keep customers engaged.

• Offering flexible payment plans encourages more successful checkouts.

4. Encourages Long-Term Customer Relationships

• Customers are more likely to stay with businesses offering exclusive subscription benefits.

• Free trials convert interested visitors into long-term subscribers.

• Personalized subscription offers to build trust and loyalty.

• Subscriptions create a sense of commitment from customers.

• Regular engagement keeps customers coming back to the store.

• Special deals for subscribers enhance the overall shopping experience.

5. Enables Data-Driven Business Decisions

• Subscription metrics provide valuable insights into customer preferences.

• Store owners can analyze purchasing patterns to optimize inventory.

• Helps in adjusting pricing strategies based on customer demand.

• Data enables better product development and targeted offerings.

• Store owners can track renewal rates and customer satisfaction.

• Detailed analytics help in improving overall store performance.

Examples of Using Magento 2 Subscription Module

Use Case	Explanation
Membership Plans	Create membership plans with exclusive benefits. Offer discounts for members. Increase customer loyalty with long-term plans. Members enjoy special perks. It encourages repeat purchases.
Product Subscriptions	Set up recurring payments for products like monthly boxes. Customers get automatic renewals. It boosts convenience. Store owners can ensure consistent Magento sales. It simplifies customer management.
Service Subscriptions	Offer subscription services like software updates or maintenance. Choose different payment frequencies. Customers can subscribe monthly or annually. It helps maintain long-term relationships. It also ensures consistent cash flow.
Free Trials with Recurring Payments	Provide free trials to attract customers. After the trial, automatic payments begin. It helps customers experience the product risk-free. It encourages more people to subscribe. Store owners can convert trials into long-term subscriptions.
Customizable Payment Intervals	Let customers choose their payment intervals. They can select weekly, monthly, or annual subscriptions. It adds flexibility. Customers feel more in control. It improves satisfaction and retention.
Exclusive Content Access	Offer subscriptions for premium content like tutorials or e-books. Customers can pay monthly or annually. It guarantees access to valuable materials. It creates a steady income stream for the business.
Product Bundles with Subscription	Create bundled products sold with recurring payments. Customers get discounts for long-term commitments. It increases sales. It encourages bulk purchases. Bundles offer value for both store owners and customers.

FAQs

1. What is a subscription order in Magento 2?

A subscription order is an automatic recurring payment for a product or service. It allows customers to receive products at regular intervals. They don’t need to place orders each time manually. It helps store owners manage recurring purchases more easily.

2. Is the Magento 2 recurring and subscription extension compatible with all Magento editions?

Yes, the Magento 2 recurring and subscription extension is compatible with Magento editions. It includes Magento Open Source, Adobe Commerce, and Adobe Commerce Cloud. It also works with the default Magento edition. Store owners can use it across different versions.

3. What is subscription management in Magento 2?

Subscription management lets customers and admins modify subscription details. It includes updating payment methods and shipping addresses. It allows control over recurring payments. The Magento 2 extension version makes managing subscriptions simple and flexible.

4. Can I use an offline payment method for subscriptions?

Yes, you can use an offline payment method for subscriptions. Some Magento extensions support offline options like checks or money orders. It provides more flexibility for customers. It makes payment options more convenient.

5. How do I set up recurring payments for the Magento 2 store?

To set up recurring payments, you need a Magento 2 extension. Install the subscription and recurring payments extension. Then, configure supported payment methods like PayPal or Stripe. It, with dedicated Magento hosting, ensures automatic payments at regular intervals.

6. Which supported payment methods are available for Magento 2 subscriptions?

The Magento 2 recurring payment extension supports various payment methods. These include PayPal, Stripe, and offline strategies. Offering multiple options improves customer convenience. It also boosts trust in your store.

7. Can I create a new subscription for any product using Magento 2?

Yes, you can create a new subscription for most products. The Magento 2 subscription and recurring payments extension supports various products. These can be physical items, services, or digital goods. It allows you to set recurring payments for each type.

Summary

The Magento 2 Subscription Extension helps store owners automate recurring payments. Offering flexible subscription plans and multiple payment options improves Magento UX. Key benefits are:

• Flexible Subscription Plans: Create recurring payment options for different products.

• Boost Customer Retention: Membership plans and discounts encourage repeat business.

• Automated Payments: Reduce manual effort with automatic renewals.

• Multiple Payment Methods: Support PayPal, Stripe, and offline payments.

• Customizable Terms: Let customers choose the payment intervals that work best for them.

Consider managed Magento hosting to configure subscription extensions for Magento stores accurately.