Subscription billing has been ACTIVATED + INFO

I've mentioned a while ago, that all billing models will automatically be changed.
Before I had a "First-of-the-month" billing model, but from today this is changed to Subscription Billing.

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In short this means the following:

New paid members
Are charged when they join and monthly on that same date instead of on the 1st of each month. For example, a member who signs up on April 12 is charged again on May 12. Members will see their next charge date at checkout and in their Memberships tab.

Nothing changes for existing members. 
They’re still charged on the 1st of each month.

What happend if I Upgrade or Downgrade my subscription?
Upgrading or downgrading will not change your billing date. As happens today, members who upgrade get charged the outstanding amount straight away and get access to the higher tier straight away for the remainder of their billing period. Downgrades will remain on the original tier until the next billing date.

What if I'm already a paid-member (currently charged on the 1st of the month) and I want to switch to subscription billing?
If you're a paid member (currently charged on the 1st of the month), simply cancel your membership and sign up again after your original access has ended, so after the 1st of the upcoming month. This new date will then be your new billing date.

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I will pin this post for the next couple weeks for the people that didn't know about this change and want to know a bit more. :)