Diifference Between Installment Plans and Subscriptions

ShawBear1140
New Community Member

I have a situation where we offer memberships and we allow for a down payment and then subsequent predefined re-occuring payments.

For example:

Membership is $300.00. Member pays a down payment of $75.00 and then is required to pay (3) monthly payments of $75.00

Membership is $500.00. Member pays a down payment of $100.00 and then is required to pay (4) monthly payments of $100.00

Membership is $1,000.00. Member pays a down payment of $200.00 and then is required to pay (5) monthly payments of $160.00

 

Which PayPal product is better for this situation (Installment Plans or Subscriptions?

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