As described in this article, the main difference between a Term and Evergreen Subscription is that a Term Subscription has an expiration date and an Evergreen Subscription does not (and therefore can be canceled at any time). Actually, when it comes to creating or updating Subscriptions, both have plenty of options in common.
Options for Creating Subscriptions
Billing Date
Option
Evergreen Subscription
Term Subscription
Bill Immediately
Yes
Yes
Calendar Billing
Yes
Yes
Awaiting Signup Billing
Yes
Yes
Net Terms
Yes
Yes
Subscription Plan and Product
Option
Evergreen Subscription
Term Subscription
Setup Fee
Yes
Yes
Multifrequency Items
Yes
Yes
Term/Expiration Date
Not Applicable
Yes
Net Payment Terms
Yes
Yes
Custom Fields
Yes
Yes
Coupons
Yes
Yes
Free Trial/Free Time
Yes
Not Applicable
Tax Included in Price
Yes
*
Quantity-Based Products
Yes
Yes
Toggle On/Off Products (Flat Fee)
Yes
Yes
Metered Products (Usage)
Yes
Yes
One-time Products
Yes
Yes
Prepaid Products
Yes
*
Events-Based Products
Yes
*
Parent-Child Hierarchy
Yes
*
* Future Feature
Payment Method
Option
Evergreen Subscription
Term Subscription
Remittance
Yes
Yes
Credit Card
Yes
Yes
ACH
Yes
Yes
Works with Maxio Payments
Yes
Yes
Works with Third-party Gateway Integrations
Yes
Yes
Multi-Currency
Option
Evergreen Subscription
Term Subscription
Currency Definitive Price
Yes
Yes
Currency Real-time Conversion
Yes
Not Applicable
Through Other Applications
Option
Evergreen Subscription
Term Subscription
Maxio Signup Pages
Yes
Yes
Customer Developed Signup Pages
Yes
Yes
Salesforce
Yes
Yes
HubSpot
Yes
Yes
* Future Feature
Options for Updating Subscriptions
Subscription Update
Option
Evergreen Subscription
Term Subscription
Cancel a Subscription Immediately
Yes
Yes
Cancel a Subscription at End of Period
Yes
*
Issue/Deduct Service Credits on a Subscription
Yes
Yes
Automated Subscription Dunning
Yes
Yes
Exempt from Dunning
Yes
Yes
Apply a Prepayment to a Subscription
Yes
Yes
Put a Subscription On Hold and Resume
Yes
Not Applicable
Change the Next Billing Date
Yes
Not Applicable
Reactivate a Canceled Subscription - Resume Current Period
Yes
Yes
Reactivate a Canceled Subscription - Start New Billing Period
Yes
Not Applicable
Change the Subscription Expiration Date
Not Applicable
*
Add a Term Date to an Existing Subscription
Not Applicable
*
* Future Feature
Invoice Update
Option
Evergreen Subscription
Term Subscription
View Current and Past Due Invoices in Advanced Billing
Yes
Yes
Record a Payment against an Invoice in Advanced Billing
Yes
Yes
View Current and Past Due Invoices in Billing Portal
Yes
Yes
Record a Payment against an Invoice in Billing Portal
Yes
Yes
View Future Invoices in Maxio Platform
Not Applicable
Yes
Create and View Pro Forma Invoices
Yes
*
* Future Feature
Plan and Product Update
Option
Evergreen Subscription
Term Subscription
Change the Plan on a Subscription
Yes
Yes
Change the Plan and Not Preserve Period (Billing Day)
Yes
Not Applicable
Change the Plan to One with a Different Billing Frequency
Yes
*
Upgrade/Downgrade the Plan on a Subscription
Yes
Yes
Upgrade/Downgrade the Plan on a Subscription to a Different Billing Frequency
Yes
*
Upgrade/Downgrade the Plan and not Preserve Period (Billing Day)
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