Subscription Billing

Subscription Billing, also known as recurring billing, is the practice of automatically charging a customer at predetermined intervals in exchange for the ongoing provision of products or services. This billing model is designed to facilitate continuous access and convenience for the customer while ensuring consistent revenue for the business.

Key points about subscription billing include:

In summary, subscription billing is the automated process of charging customers at regular intervals for continuous access to products or services. It is used in both service-based and product-based industries, offering convenience for customers and predictable revenue for businesses. Effective billing management systems and customer flexibility in managing their subscriptions are key components of this billing model.