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Product Catalog 2.0
Next Billing Date refers to the date and time when a subscription will be renewed and payment will be collected. In Chargebee, the billing date/time is a subscription-specific attribute: it is based on the date and time of subscription activation and the billing frequency of the plan.
Example
Sign-up Date: October 1 (Monthly Plan) Next Billing Date: November 1
Sign-up Date: October 1 (Weekly Plan)
Next Billing Date: October 8
Sign-up Date: October 1, 2015 (Yearly Plan)
Next Billing Date: October 1, 2016
When a plan includes a trial period, the subscription is activated only after the trial ends. In this case, the billing date and time are based on the activation date and time.
Example
Sign-up Date: October 1 (Monthly Plan with 15-day trial period) Activation Date: October 16 Next Billing Date: November 16
You can change the billing date and time of a subscription in the following ways:
Note:
If you extend the subscription, the charge is calculated as follows:
Charge = (Plan price ÷ Number of days in the plan billing period, assuming the plan starts from the current date) × Number of days extended.
If you reduce the length of the subscription, credits are raised as follows:
Credits = (Plan price ÷ Total number of days in the current term of the subscription) × Number of days reduced.
Note:
The above calculation is done to the millisecond if the billing mode set for Chargebee is millisecond-based.
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