Usage-Based Billing

Charge your customers based on their usages

Introduction

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.

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Highlights

    • Determine Your Value Metric
    • Configure Your Usage-based Pricing Model
    • Automate Your Billing Workflows
    • Multiple Payment Options
    • Analyze Billing Performance

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Determine Your Value Metric

Determine Your Value Metric

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.

Determine Your Value Metric

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Configure usage-based pricing model

Configure Your Usage-based Pricing Model

Configure Your Usage-based Pricing Model

With Muvi Billing you can configure multiple pricing models, a few of those are: 

  • Per-unit Pricing: It is simple and you can align it directly with your value metric. 
  • Overage Pricing: You can create multiple plans of your unit-based pricing and charge extra for overage on the base prices. This pricing is common for cell phone bills, where you pay extra if you exceed the data limit.
  • Volume Pricing: Price per unit changes based on final usage volume. For instance, an email marketing provider offers you $0.1/email if you send 1000 emails/month where you pay $100/month in total. But if you use 10,000, the per email charge could fall to $0.05, meaning you pay $500. You used 10x but only paid 5x.
  • Tiered Pricing. Tiered pricing is another version of volume, but the price builds. This type of pricing is adopted by AWS S3.  For the first 50 TBs, you pay $0.023 per GB, but your next 50 TBs will cost $0.022 per GB.

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Automate your billing workflows

Automate Your Billing Workflows

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.

Automate Your Billing Workflows

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Multiple Payment Options

Multiple Payment Options

Multiple Payment Options

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.

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