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Copy file name to clipboardExpand all lines: microsoft-365/commerce/enter-your-product-key.md
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Check out all of our small business content on [Small business help & learning](https://go.microsoft.com/fwlink/p/?linkid=2224585).
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A *product key* is a 25-character alphanumeric code that represents a prepaid license for a Microsoft business product or service. If you bought a Microsoft business product or service from a partner or a retail store, you use the product key to activate your new subscription. If you buy a prepaid license for a product that you already own, you can [use the product key to extend the expiration date](#extend-the-expiration-date-for-an-existing-subscription) of your subscription. You can also [use a product key to add more licenses to your subscription](licenses/buy-licenses.md#add-licenses-to-a-prepaid-subscription-by-using-a-product-key). To reduce licenses on your subscription, you must wait to your current active subscription expires. Then you can create a new subscription with the desired number of licenses.
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A *product key* is a 25-character alphanumeric code that represents a prepaid license for a Microsoft business product or service. If you bought a Microsoft business product or service from a partner or a retail store, you use the product key to activate your new subscription. If you buy a prepaid license for a product that you already own, you can [use the product key to extend the expiration date](#extend-the-expiration-date-for-an-existing-subscription) of your subscription. You can also [use a product key to add more licenses to your subscription](licenses/buy-licenses.md#add-licenses-to-a-prepaid-subscription-by-using-a-product-key). To reduce licenses on your subscription, you must wait to your current active subscription expires. Then you can create a new subscription with the desired number of licenses.
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**Need something else?**
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## Before you begin
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If you’re an existing customer, you must be at least a Billing Administrator to do the tasks in this article. For more information, see [About admin roles](../admin/add-users/about-admin-roles.md).
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If you're an existing customer, you must be at least a Billing Administrator to do the tasks in this article. For more information, see [About admin roles](../admin/add-users/about-admin-roles.md).
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## Activate a new subscription
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1. Go to the <ahref="https://go.microsoft.com/fwlink/p/?linkid=2024339"target="_blank">Microsoft 365 admin center</a>.
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- If you’re using the **Simplified view**, select **Billing**.
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- If you’re using the **Dashboard view**, go to the **Billing** > <ahref="https://go.microsoft.com/fwlink/p/?linkid=842054"target="_blank">Your products</a> page.
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- If you're using the **Simplified view**, select **Billing**.
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- If you're using the **Dashboard view**, go to the **Billing** > <ahref="https://go.microsoft.com/fwlink/p/?linkid=842054"target="_blank">Your products</a> page.
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2. Select the subscription that you want to extend.
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