You can change your Virtual Practice subscription, any time.
Change in the Subscription Plan (Same billing cycle):
When you opt to change from one plan to another, say Plan A to Plan B, both being subscriptions with the same duration, the billing period and upcoming renewal date will remain the same as before. A prorated credit will be generated for Plan A and a prorated charge will be generated for Plan B for the period that falls between the date of change, until the upcoming billing date.
Example:
Suppose you have subscribed to Plan A ($100/month) with the billing date falling on the 15th of every month, and then you decide to upgrade to the Plan B ($200/month) from April 5 onward. Since the 15th is your set billing date, Plan B will align to 15th and will renew on the 15th of every month.
Charge on change (Plan B) | ~$73.33 (Prorated) |
Credit on change (Plan A) | ~$36.67 (Prorated) |
Net charge on 5th April | ~$36.67 |
Subsequent renewal charge | $200 |
Change in the Subscription Plan (Different billing cycle):
You can change a monthly subscription to quarterly, semi-annually, annually, biennially, triennially and vice versa. Since there is a change in the billing term, prorated credits will be generated for the current plan and the actual amount is taken for the new plan.
Example:
Suppose you have a billing date of 15th and has a subscription (Plan A) renewing on the 15th of every month. On April 5, you shift to a plan which renews every quarter (Plan B – $500).
Since there is a change in the subscription term, a term realignment takes effect immediately. The initial term of the subscription (with plan B) will be set as 3 months so the period for the quarterly subscription will be set as April 5 to July 5.
Billing Date | 15th of every month |
Change | Move from plan A ($100 monthly) to plan B ($500 quarterly) |
Following are the charges/credits raised during the transition:
Date of change | April 5 |
Charge on change (Plan B) | ~$500 |
Credit on change (Plan A) | ~$36.67 (Prorated) |
First renewal period | Apr 5 to Jul 5 |
Net charge on renewal | ~$463.33 |
Subsequent renewal charge | $500 (Jul 5) |
Note: The values mentioned in the above examples are only representative figures. Please visit our Pricing page for more information on the Virtual Practice plans and pricings.