Prepaid Invoices

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How Prepaid Invoices Work

1. The merchant creates a subscription with billAtStart: true, which enters the PENDING state. Post succesfull payment by the customer, the subscription becomes ACTIVE.
2. Here, the invoice is generated at the start of the subscription period.
3. The customer receives access to the service for the applicable billing period.
4. Before the next billing period begins, Transact Bridge generates an invoice for renewal which is auto-approved within fraction of seconds. And then Transact Bridge attempts to collect the recurring amount.
5. If the renewal payment succeeds, the subscription continues into the next billing period.
6. If If the collection fails, Transact Bridge applies the configured retry and invoice handling policies. The subscription configuration includes parameters such as dayUntillDue, maxUnpaidInvoices, postMaxUnpaidInvoices, and reAttemptConfig to control unpaid-invoice and retry behavior.

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Prepaid Invoice Flow

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Example: Monthly Prepaid Subscription

Plan:
Monthly Subscription

Amount:
₹999

Frequency:
MNTH

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Step 1: Subscription Creation/Activation

{
  "frequency": "MNTH",
  "billAtStart": true,
 
}

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Step 2: Customer Uses the Service

1 August
   |
   | ₹999 paid
   |
   | Subscription becomes ACTIVE
   |
   | Customer gets access
   |
   |-----------------------------|
   |      August Service         |
   |-----------------------------|
                               31 August

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Step 3: Renewal

31 August
    |
    v
Renewal Invoice
    |
    v
Automatic Collection
    |
    v
₹999 collected
    |
    v
September Access

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Prepaid vs Postpaid Invoice