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

[Alex Hillman]

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 :)

-Alex

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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

[Glen Ferguson]

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: gl...@coworkfrederick.com Website: https://www.coworkfrederick.com Address: 122 E Patrick St, Frederick, MD 21701

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[Alex Hillman]

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