Stripe subscription price change
I have a Basic and a Premium product and both of them have Monthly and Annual pricing structures following the Good-Better-Best methodology.
Let's say due to increasing costs, I want to raise the price of my Basic Monthly plan by $5 for all subscribers. How can I increase the price of the subscription, and begin charging all current and new subscribers that higher price? From what I understand, Stripe pricing is immutable, but this is not an uncommon thing in the subscription industry.
Example, Netflix increased its pricing for everyone earlier this year. '
Do I need to create a new price under that Basic product and somehow migrate all users to that new price?
Let's say due to increasing costs, I want to raise the price of my Basic Monthly plan by $5 for all subscribers. How can I increase the price of the subscription, and begin charging all current and new subscribers that higher price? From what I understand, Stripe pricing is immutable, but this is not an uncommon thing in the subscription industry.
Example, Netflix increased its pricing for everyone earlier this year. '
Do I need to create a new price under that Basic product and somehow migrate all users to that new price?
