Best Subscription Management and Billing Software 2023
The B2B ecommerce industry is expanding, expected to reach sales worth $36.2 trillion by 2026. Subscription commerce is likely to contribute to a significant part of these sales as the subscription model is getting adopted increasingly. However, payments in the B2B ecommerce economy aren’t as straightforward as they are for
From groceries to gym memberships to digital streaming services—everything is rapidly becoming subscription based. Recurring subscription products are rising in popularity because of how they make consumer access easy. Instead of paying a huge sum for owning a product for lifetime, customers now prefer using it as a service. This
The publication industry has evolved tremendously over the years. Readers of today desire high-quality content and the option to subscribe to print or digital magazines. Ideally, they want the option of both. The digital vs. print magazine subscriptions debate has simmered for years- and there are merits and demerits on
Keeping customers within the familiar space of WooCommerce checkout facilitates quicker checkout completion. It provides a more fluid payment process compared to when customers are diverted to external checkout pages. However, the WooCommerce default checkout isn’t designed to deal with subscriptions, particularly on an advanced level. To overcome the shortcomings
APIs are the backbones of virtually every digital service available today. Whether it is generative AI, SaaS platforms, ecommerce applications, or any digital industry you can think of—APIs play a central role in how they operate. Significant as APIs are for sustaining businesses, selling them effectively is just as complicated.
With the customer expectations evolving, the need for billing flexibility is rising too. Charging customers fixed prices isn’t the way to go for services with fluctuating usage patterns. It undermines their service usage, and has a negative impact on their price-to-value perception. That’s why credit based subscription model is gaining
Pricing is a key factor that influences the effectiveness of subscription plans. A plan’s price is linked to the value it offers, and also shapes how customers perceive it. It cannot be kept static throughout the years, as it goes against the dynamic nature of subscription services. Therefore, it is
Billing isn’t only about the collection of dues. It is a strategic tool that clubs can use to retain their members for a lifetime. By billing their clients right, clubs can continue renewing their memberships smoothly. However, this is easier said than done. Club membership billing can quickly get out
AI companies want access to reliable and quality data sources in order to enrich their AI language models. Models, such as those used for summarizing content, cannot stay up-to-date without this access. Publication companies like digital magazines or vast online libraries can leverage this opportunity to monetize their content for
Wix is a smart website-building solution that lets merchants establish seamless online stores. It enables easy setup of product catalogs and a checkout that powers smooth transactions. What it lacks though is the support for subscription management. Merchants using Wix’s native checkout don’t have direct access to features for managing
Memberships offer a lot more than one-time service access. They foster customer loyalty, encouraging lifelong member trust and commitment. To achieve their customer retention goals, they have to make their services top-notch, and their access fast and frictionless. Recurring membership payments play a huge role in this regard. They keep
Shopify’s native checkout pages are easy to set up, and well-integrated with its stores. They are convenient for customer use as well, as customers don’t have to be redirected to an external page. However, they do pose limitations on subscription businesses, as they cannot establish recurring payment flows. While opting
