Best Subscription Management and Billing Software 2023
Introducing credit-based programs into memberships has taken member engagement to the next level. Credits are digital tokens that allow members to access the services of their choice. They have redefined service usage, and have become the backbone of successful loyalty programs. Memberships offering digital services such as online lectures, fitness
Bundle subscriptions are becoming the need of time. Many customers today prefer personalized plans over standard ones. Bundle subscriptions offer them personalization, value, and cost-effectiveness—all in one package. As impactful as these subscriptions are, it’s all the more challenging to manage them. Wix is a user-friendly store builder that offers
Prepaid subscriptions provide opportunities for recurring predictable income. Shopify sellers offering subscription to magazines benefit from upfront payments and customer loyalty. Although there are various durations that magazine subscriptions follow, quarterly and yearly cycles are particularly popular due to many reasons. These cycles make billing easy, and serve as a
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
