There are a couple of reasons why you may want to change the pricing terms of an existing membership:
- Offer a temporary discount
- Natural inflation of your product
- Wanting to charge more
- Changing the billing type (one-time payment to recurring)
These are all very good reasons to update the price of your membership. Additionally, you should make note of the following:
- Whatever you do, do NOT delete your membership to create a different price term if any users currently have active subscriptions to the membership you would like to edit.
- When updating the price of your Membership in MemberPress, the changes are not applied retroactively to existing users of automatically recurring subscriptions. If the user’s are already subscribed to an automatically recurring subscription, they will continue to be billed the amount they originally signed up for each payment cycle. However, If your users are on manually renewing subscriptions (not automatic), they will pay the updated (current) price of the Membership when renewing.
- You will not be able to change the price of current signups (e.g. increase the cost of recurring billings for existing recurring subscriptions)
- If your user signed up via Stripe, you can change their billing price as outlined here in the ‘Manually changing the billing date or price for a users subscription ‘ section.
- All current users will continue on their price until their subscriptions are cancelled.
- This means that if the subscription is recurring, they will keep their recurring price until their subscription is either cancelled and they sign up again, or it naturally expires and they sign up again.
Making the Change
Making the change for the pricing terms of your membership is as simple as navigating to your IdeaKit Dashboard > MemberPress > Memberships > Edit on the Membership, and then updating the pricing terms and clicking the ‘Update’ button to save the changes.