Online businesses’ goal is to have a steady stream of monthly recurring revenue. A comfortable, prosperous, and low-profile business can be built stronger if you can get consumers to pay you monthly instead of just once.
This is the paradigm used by the vast majority of high-end plugins as well. Instead of selling one-time purchases, most iconic companies now sell yearly (or monthly) subscriptions through square payment gateway for WordPress that allow users to keep the plugin active and receive free updates and support.
For instance, a fitness club that charges a membership fee is an obvious real-world example. A health club, a sports club, or even a cigar club could be the subject theme of this article.
If you can see, membership-based businesses are all around you.
- Fitness Club and Gyms
- Online yoga classes
- Nightclubs and gaming club
- School, College, and universities
Recurring Payments: What Are their Benefits?
Recurring payments are a great way for small businesses and websites to streamline their payment procedures. Paying monthly or yearly fees with recurring payments saves time by automating the invoicing and collection processes. This can free up your time so you can work on other aspects of your business instead of administrative tasks and fee collection.
Regular payments help to stabilize your financial flow, and this is quite crucial. As a result, one-time-fee products and services are more volatile, whereas subscription-based products and services provide a steady stream of small payments from your clients.
Pay with WP Easy Pay
The WP Easy Pay plugin is equipped with a number of useful functions and payment solutions. Using WP Easy Pay, you can start collecting credit card payments on your WordPress site if you’re seeking Square Payment Gateway. It uses shortcodes to create dynamic buttons for your WordPress site’s payment forms, integrated with the Square payment gateway.
Create a Stripe Account for Online Payments
If you don’t already have one, go ahead and sign up with Stripe. Click the Start Now button on the Stripe website and join the leading payment solution.
Opening A Stripe Account
Open a Stripe account with a strong password and your company email address; that’s all required for now. Following a few simple steps, you can create and activate your account.
You may be asked for more information about your company. To avoid waiting up to weeks for Stripe to validate your bank account, you should add it instantly.
Time to Install WpEasy Pay
Plugins > Add New > Upload Plugin is where you start.
Select a file to open. Upload your file with WP-Easy-Pay.
Now is the time to begin the installation process.
Set Plugins to Active and Click Finish.
Select Plugins Activate License from the menu bar to begin.
Please enter the license key that was emailed to you.
Click Agree & Activate License if you’ve read and agree with the terms.
Agree and activate my license by clicking the following button.
Types Of Form Information
Payment For The Subscription
- Go to the Forms settings and make your selections there.
- Click on the Payment Types drop-down menu and choose “Subscription payment”.
- Decide on a subscription cycle and make it happen.
- Enter a predetermined or individualized amount.
- Include the payment point URL.
Options For Renewing Your Subscription:
Duration of the subscription: one day, seven days, one month, or one year (at intervals of 1-24).
Handling of Subscriptions
If a user does not wish to continue their subscription, they can cancel it by clicking the Cancel button on the plugin’s backend. When a customer donates the front end of your website, this plugin solely considers recurring payments and subscription payments. This will be tracked on your square account with a unique Tracking ID so you can keep track of everything. The main transaction part of the square dashboard will allow users to keep track of these transactions.
Increasing the Number of Members on Your Subscription Site
You might be aware that there are countless strategies to increase the number of visitors to your website. However, keep in mind that your originality is your most valuable asset.
Keeping up with the current trends in marketing and customer acquisition can provide you with many ideas on how to acquire clients on your own.
Improve The Performance Of Your WordPress Ecommerce Site
Stabilizing your income may be as simple as adding subscriptions to your eCommerce website. As a precondition, your WordPress website should allow for the receipt of automatic payments. WP Easy Pay and Stripe make it simple to implement this feature.
Subscriptions can increase your revenue, but you’ll still need the necessary resources to back your eCommerce site. WP Experts provides you with a reliable solution and gives you everything you need for your site to spend more time developing your business!
Attract More People To Sign Up For Your Email List
Now that you understand how to create a WordPress email subscription form, here are a few more tips for increasing the form’s conversion rate.
Don’t Complicate Things
While it may be alluring to utilize your form to gather as much information as possible from subscribers, it might negatively impact the number of new signups you receive. You’re better off focusing on the essentials whenever possible. Once you’ve built a rapport with someone, you’re free to inquire about anything.
Present Your Goal Clearly
A person must understand the benefits of contributing to your email subscription program. Rather than using general descriptions, including specific instances and the value of your program, clearly mention what subscribers will receive in emails, such as being the first to hear about new developments or having access to unique content.
Conclusion
Accepting regular payments has additional complexities not encountered when dealing with one-time transactions. In spite of this, there are numerous products in the market that are intended to assist you in this procedure. The top firms in the world use membership in various ways to recruit new consumers or boost current loyalty. You’ll be following in their footsteps if you decide to launch a membership-based website.
This will depend on your business type and what you’re selling (e.g., do visitors receive regular updates, or are they paying for access to a unique set of content?). If you’re still unsure which option is ideal for you, reach out to a reliable company specializing in WordPress security and performance.
Since user-frontend has certain extensions, you may let your email marketing subscribers know about your website’s posts and other content. User-frontend has several extensions. BuddyPress Profile Integration, MailChimp, and MailPoet integration are a few of these add-ons.
MemberPress, on the other hand, is the greatest option for selling subscription-based digital products like courses. It includes a solution for creating online courses, as well as other robust membership features.
