Products and plans
Product
The product that a merchant sells. A merchant can sell many products. A product can be attached to a plan. Importantly, the product could be a physical good or a service. Of note, the same product could have different pricing depending on the plan to which it is attached.
Plan
A template of the key terms describing a subscription. A plan may have optional setup fees, an optional trial period and fees, and an optional recurring fees and frequency. A plan may also expire, or be valid only for a limited number of recurrences.
Importantly, there are 3 categories of plans:
- trial-only in which the user could test for product a specified amount of time
- one-time-order in which the user buys the goods or services
- subscriptions that have a recurring period. In addition subscriptions could have a trial period