The monthly payment option spreads the costs of the service throughout the year.
The annual payment option pays for the service in one lump sum, providing peace of mind that your clients are taken care of for the year, and award the member a discount when choosing this option.
If you choose the monthly payment option, the payment will occur on the same date as the purchase date. For example: If you purchased a Top of Mind plan on May 2nd, your next payment date will be June 2nd, then July 2nd, etc.
If you choose the annual payment option, the payment will occur on the same date every year. For example, if you purchased a Top of Mind plan on May 11th 2020, your next payment will be on May 11th, 2021, then May 11th 2022, etc.