Is it possible to prorate the first payment of a recurring transaction? We want to ensure we are only charging a fraction portion when our customer signs up in the middle of a billing cycle.
- Yes, at the Manage Plan screen of the selected Client:
Select the day that the plan begins, and also select the Add Prorated Payment checkbox. You will see the first payment with a -1 that represents the amount credited from the first payment.
In the case above, There will be 12 payments of $1,200, but the first payment will be $61.29 less, or $1128.71.