Do you pro-rate mid-month membership changes (upgrade or downgrade)? how do you calculate it?

Hey gang!

How do you handle billing to mid-month membership changes? If somebody upgrades before their billing cycle, do you calculate an “upgrade” charge to cover the difference?

Bonus points if you have a formula you can share :slight_smile:

-Alex

···

The #1 mistake in community building is doing it by yourself.

Better Coworkers: http://indyhall.org

Weekly Coworking Tips: http://coworkingweekly.com

My Audiobook: https://theindyhallway.com/ten

Normally we’ll make changes effective at the start of the next month, but if someone starts mid-month, we’ll pro-rate. Ready for the ugly formula? This works for a “days per week” type of membership better than a “days per month” membership.

(price difference between plans / business days in month) * business days remaining in the month = pro-rated amount to charge.

Business days is defined as the days we’re open or days the member will have access.

If they’re starting as a new member, the price difference between plans is the regular monthly rate.

Glen Ferguson

Phone: 301-732-5165

Email: [email protected]

Website: https://www.coworkfrederick.com

Address: 122 E Patrick St, Frederick, MD 21701

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On Tue, Sep 12, 2017 at 12:35 PM, Alex Hillman [email protected] wrote:

Hey gang!

How do you handle billing to mid-month membership changes? If somebody upgrades before their billing cycle, do you calculate an “upgrade” charge to cover the difference?

Bonus points if you have a formula you can share :slight_smile:

-Alex


The #1 mistake in community building is doing it by yourself.

Better Coworkers: http://indyhall.org

Weekly Coworking Tips: http://coworkingweekly.com

My Audiobook: https://theindyhallway.com/ten

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Thanks Glen!

···

The #1 mistake in community building is doing it by yourself.

Better Coworkers: http://indyhall.org

Weekly Coworking Tips: http://coworkingweekly.com

My Audiobook: https://theindyhallway.com/ten

On Tue, Sep 12, 2017 at 12:46 PM, Glen Ferguson [email protected] wrote:

Normally we’ll make changes effective at the start of the next month, but if someone starts mid-month, we’ll pro-rate. Ready for the ugly formula? This works for a “days per week” type of membership better than a “days per month” membership.

(price difference between plans / business days in month) * business days remaining in the month = pro-rated amount to charge.

Business days is defined as the days we’re open or days the member will have access.

If they’re starting as a new member, the price difference between plans is the regular monthly rate.

Glen Ferguson

Phone: 301-732-5165

Email: [email protected]

Website: https://www.coworkfrederick.com

Address: 122 E Patrick St, Frederick, MD 21701

You received this message because you are subscribed to the Google Groups “Coworking” group.

To unsubscribe from this group and stop receiving emails from it, send an email to [email protected].

For more options, visit https://groups.google.com/d/optout.

On Tue, Sep 12, 2017 at 12:35 PM, Alex Hillman [email protected] wrote:

Hey gang!

How do you handle billing to mid-month membership changes? If somebody upgrades before their billing cycle, do you calculate an “upgrade” charge to cover the difference?

Bonus points if you have a formula you can share :slight_smile:

-Alex


The #1 mistake in community building is doing it by yourself.

Better Coworkers: http://indyhall.org

Weekly Coworking Tips: http://coworkingweekly.com

My Audiobook: https://theindyhallway.com/ten

You received this message because you are subscribed to the Google Groups “Coworking” group.

To unsubscribe from this group and stop receiving emails from it, send an email to [email protected].

For more options, visit https://groups.google.com/d/optout.