How are Invoice Amounts and Charges Calculated on Refersion Billing Statements?
Understanding your invoice ensures transparency and clarity regarding the charges you incur. Refersion invoices typically include charges for subscription plans, prorated charges for plan upgrades or downgrades, and performance-based usage fees where applicable. Below is a breakdown of how charges are calculated and represented.
Components of a Refersion Invoice
Subscription Fees: - Each subscription plan has a designated monthly cost. For example, the Professional plan might be billed monthly, covering a specific period (e.g., from one calendar month to the next, such as May 20 to June 19). Such subscriptions are billed in advance.
Prorated Charges (Plan Changes): - If you switch to a different plan, a prorated amount will be charged or credited for the overlapping billing period. For instance, upgrading to a Growth Plan midway through the month accounts for the remaining days and prorates the charge accordingly. This adjustment is reflected clearly on your invoice (e.g., from June 2 to June 19 under the Growth Plan).
Performance-Based Usage Fees: - Some plans involve tracking performance (e.g., conversions or affiliate activity). For example, a "1% Metered Billing Adjustment" calculates charges based on the approved total revenue during a billing cycle. If your account processes $210,161.69 in conversions for a month, 1% of this ($2,101.62) is charged, minus any advance payment. - For usage-based plans like Growth, specific charges may also be labeled as "Usage Fees." For example, a $704.88 charge may represent usage fees incurred for affiliate performance within the billing cycle.
Advanced and Minimum Payments: - An advance payment, such as $100, is typically billed at the start of the period to cover the upcoming month's minimum charge. This is deducted from subsequent invoices. If the calculated performance fees exceed the advanced amount, the difference is billed in addition.
Common Scenarios
Example 1: Monthly Subscription and Usage Fees
Imagine you subscribe to the Professional Plan for $119.00 per month. This amount covers a billing period of May 20 to June 19. During that time, affiliate activities generate a total metered usage fee of $704.88, which is added to your invoice for that cycle.
Example 2: Prorated Charges After Plan Upgrade
If you change to the Growth Plan on June 2, your invoice reflects:
A prorated charge for the Growth Plan (e.g., $73.67, from June 2 to June 19);
The standard subscription fee for the preceding Professional Plan, covering May 20 to June 19.
Example 3: Performance-Based Billing Adjustment
In May, you achieve 442 conversions with total approved revenue of $210,161.69 for affiliates. Your billing statement includes:
1% of the total approved revenue ($2,101.62);
A deduction for the $100 advanced payment made in early May. The total due becomes $2,001.62.
FAQs
What Happens if My Usage Fee is Less Than $100?
In cases where 1% of your calculated performance revenue is below $100, Refersion will only bill the advance payment of $100 for that cycle. No additional charges apply.
Can Usage Fees Fluctuate on the Growth Plan?
Yes, usage fees are proportionate to your affiliate performance and reflect each billing period's activity levels. You can review performance metrics in your account dashboard for clarity.
How Are Credits Applied?
If you downgrade or pause your plan, prorated credits are applied to your Refersion account balance. These offset future charges automatically.