There are 3 pricing options you can offer your subscribers: Monthly, Yearly, and One-Time. You can offer just 1 option...to all 3 options.
Monthly
The Monthly option lets fans subscribe with monthly recurring payments. This option encourages subscriptions without long-term commitments.
Fans on a Monthly subscription are automatically billed every month, based on the day they started their subscription.
Yearly
The Yearly option lets fans subscribe with yearly recurring payments. This option typically involves a discount on the monthly option. So, consider making it a bit cheaper than 12 months of your monthly rate.
Fans on a Yearly subscription are automatically billed every year, based on the day they started their subscription.
One-Time
The One-Time option lets you sell a "lifetime" subscription based on a flat rate. There is no recurring payment with this option, so consider making this option more expensive than your Yearly option.
Billing for Canceled Subscriptions
If a fan cancels a recurring subscription, the subscription is not prorated, and they are not refunded the remaining time on the subscription. Their subscription remains active until the last day of their current billing cycle. After the last day of their billing cycle, their subscription will automatically be canceled, and they will no longer be billed for their subscription.