This AI generated answer was surprisingly helpful.
A follow-up question:
Does the billing anchor date change when a customer manually pays by invoice? Or does square prorate the charge?
For instance, let’s stay a subscription payment fails, and an invoice is generated. If it takes a customer 1 week to pay, does this just pay in full and activate the subscription as normal?
The same for a paused subscription with an indefinite end date:
Example: A customer’s monthly subscription is on a 1st of the month billing cycle. If the customer pauses a monthly subscription on January 5, and on April 12 attempts to reactivate, does this re-anchor the payment cycle to the 12th? Or does the customer maintain the billing cycle of the 1st, pay for a full month on the 12th, and then again on the 1st?
Also, in this example, would Square disregard the missed February/March payment, and activate it with a single month’s charge in April moving forward?
Thanks.