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If you like to switch the SmartPLS 3 license, for example from “Student” to “Professional”, run the SmartPLS 3 software. Then, left-click on "Info" -> "Switch License" in the menu bar.
Then, a dialog opens that allows you to switch between different SmartPLS 3 license options.
For example, if you purchased a single user Professional license of SmartPLS 3, you can select the Enter a license key option and paste the license key that you received via email in the text field.
Then press continue and SmartPLS 3 will run using the new license. In some rare instances, you need to close SmartPLS 3 and run it again to use the selected license.