Subscription billing anchor

You may want to set a specific day of the month in which your customers will be charged for your subscription, which the full charge will be charged on that day and the prorated amount will be charged when the customer checks out on the page.

Setting a billing anchor for subscriptions is beneficial because it gives you control over when customers are billed, rather than billing them based strictly on the date they signed up. Some key benefits are:

Aligned billing dates: If you want all customers billed on the 1st of each month, a billing anchor ensures that — no matter when they subscribe.
Easier accounting & forecasting: Revenue comes in on predictable dates, making cash flow planning and reporting cleaner.
Better customer experience: Avoids confusion from partial billing cycles or irregular billing dates and m akes it easier to explain charges (“You’re billed on the 1st every month”).
Supports proration: Stripe (and other tools) can prorate the first payment to sync with the anchor date — charging only for the partial period before the first full billing cycle.

Setting a monthly billing anchor day for subscriptions and payment plans

Enter the edit view of your checkout page
In the Product tab, select Billing anchor

3. There will be a a drop-down list of all the days in the month

4. Set your desired day of the month to charge your customers on that day

Please note that the billing anchor feature is not available if your subscription or payment plan is set to daily or weekly.

Monthly

If your subscription or payment plan is set to charge monthly, you can choose the day of the month that your customers will be charged each month.

A prorated amount will be charged when the customer checks out and the full subscription amount will be charged on the billing anchor date. The checkout page will automatically calculate the prorated amount from the day that the customer makes the purchase.