Traditionally, the Usage-based monetization model is adopted when a business has a clear unit of measurement. For example, if you are a cloud service provider you can charge your customers based on the bandwidth and storage they consume which is measured in Bytes.
Muvi Billing is a reliable billing system for businesses who wish to sell their products and services with usage-based or metered billing. Muvi Billing can sync with your website or app to calculate usage and bill your customers based on the usage automatically.
The value metric aligns with the value your customer gets from your product or service. Some common value metrics are - Users: As the number of users increases so does the cost. This is the most common value metric used by companies today. Data: The value increases for the customer based on the amount of data they consume. Events: Like API calls, Notifications, tasks, phone calls, etc.
With Muvi Billing you can configure multiple pricing models, a few of those are:
To reap the benefits of usage-based billing, you need to automate workflows, including payment collection, invoicing, and revenue recognition, based on the individual customers. Muvi Billing helps you improve billing accuracy and increase billing efficiency across the board by converting your manual processes into automated workflows.
While running a subscription business it is important that you offer multiple payment options for your customers to choose from. Muvi Billing offers 17+ payment gateways that allow you to accept payments with credit cards, debit cards, ACH, carrier billing, digital wallets from anywhere in the world. You can also integrate your preferred payment gateway or even integrate your own, out-of-the-box and accept payments in local currencies across the world.