Question: If you have a subscription that starts with a billing delay, is an order only created in IS when the first payment is taken?
The PayPal Recurring Payment Profile and the Infusionsoft subscription order are created at the time of order.
After the billing delay, two events take place independently; IS creates the first invoice and PayPal takes the first payment.
If the Invoice happens first then SB will match the PayPal payment to the invoice.
If the payment happens first then SB will just park the payment and try and match it later.