To change a renewal price...raise the subscription price...is all I have to do is change the product price? Thanks
Yes. Not all payment processors will be affected however. for example paypal recurring subscription price cannot be changed.
I would suggest NOT trying to raise prices on existing members- it will just anger them and make some of them leave. Plus as was said, you can't do that with Paypal. You would have to get the members to start a new subscription at the higher price, but who would do that voluntarily? I'd say increase the value of what your members get without raising the fees on current members to keep them around longer. Of course you can change the price set in amember, which will just affect people who join after that. Let the existing members know that rates are going up, but it won't affect them.
Hi there, I'm changing my prices soon and quite prepared for existing members will keep their current monthly price. I also have 6month and yearly members. If I change those prices as well what will happen when they expire and want to renew? I assume if I wanted to honour their prices I would be best creating new products for my new price structure and hiding the old products from the signup page so only existing members can renew with them? Andy