Glossary - Subscriptions - Mercado Pago Developers

Glossary

In the following table, you can find the main terms used in the subscription onboarding process:

TermDescription
Subscription planA model that allows defining, among other attributes, the title, value, and frequency of subscriptions created by the seller. Its purpose is to set the subscriptions' general features created by this institution. It is crucial to clarify that no payment method is set up in this model.
Subscription or pre-approvalAuthorization of the payer for recurring charges with a predefined payment method (credit card, for example). It works as the basis for creating subscription installments according to the set recurrence and has similar characteristics to the template since it is possible to create a subscription from a plan.
Authorized paymentAn installment of a subscription that is generated and billed based on a predefined recurrence. The subscription engine schedules and generates the payments automatically.
Validation chargeCharge of a minimum amount made when signing up for the subscription to verify that the card used for payment is valid.
Once the validation is done, the amount is automatically refunded to the payer.
Billing dateDate defined by the seller for monthly subscription charges to occur automatically.
Proportional value (Pro rata)Amount to be charged if the subscription starts on a day other than the billing date set by the seller.This amount is proportional to the days between joining and the date of the first monthly charge.
Free trialFree trial that the seller can offer the subscriber before the first charge. In this case, the subscriber has the first payment paid and starts paying on the following charges.
Account balanceAccount balance available in the Mercado Pago wallet that can be used to pay for subscriptions.