Use the campaign product Stagger Fulfillments option to bill a subscription on a regular interval but deliver on a less frequent interval than the billings.
Check the Stagger Fulfillments box
Enter the cycle on which to deliver product
Set the product billing cycles. The last cycle entered should be the cycle on which to start staggering fulfillments. The last cycle should always be shippable. Do not enter a cycle for the non-shippable billings.
There may be more than 1 billing cycle entered. For example, consider the following scenario:
Cycle 1 - Product is initially purchased and delivered
Cycle 2 - Product is billed and delivered
Cycle 3 - Billing only. The billing is same amount as cycle 2.
Cycle 4 - repeat cycle 2
Cycle 5 - repeat cycle 3
Continue repeating cycles 2 and 3 indefinitely
The proper configuration for this is:
Check the Stagger Fulfillments box
Set the cycle to 2
Cycle 1 - Set Price, check the Shippable box, and set Bill Delay
Cycle 2 - Set Price, check the Shippable box, and set Bill Delay
Do not set any other billing cycles