Subscription Billing - Latest updates on Subscription Billing
What is Subscription Billing? 06 October 2021
Subscription billing model has been used for hundreds of years, dating back to the 17th century, while it flourished gradually throughout the 20th century as more businesses started getting inclined towards it from various sectors – from education to food. With businesses being increasingly digitized, subscription billing has become a common term when it …
A Look into Global Subscription Billing Market 09 September 2021
The global subscription billing market is expanding fast, paving new paths for the players and stakeholders in this field. The market is set to expand at nearly 14% CAGR and reach over US $7.5 billion through 2025 from its benchmark of US $4 billion in 2020 globally. The revenue of the global market stood …
How to Set Up Automated Billing for Your Business 29 June 2021
A hallmark of the most successful online businesses often lies in scaling their MRR (Monthly Recurring Revenue), and having an automated billing system is paramount to ensure a business’s MRR is always growing. Let me give you an estimation- The McKinsey report stated that 66% of the businesses have automated at least one business …
Muvi Unveils Direct Carrier Billing Feature for Muvi Billing 22 June 2021
Muvi has just released Direct Carrier Billing Feature for its well-known monetization engine for websites and apps Muvi Billing. Direct Carrier Billing (DCB) or Operator Billing is an instant payment option allowing your customers to pay for online products, services, or content with their mobile devices such as phones and tablets. With the rise …
5 Ways to Improve Subscription Billing 03 June 2021
If you are a business person, then billing your customers must be a concern for you. While the subscription billing model has taken the center stage for the online businesses, there are ways to improve your subscription billing process to bring the best out of it. Subscription billing is the process of billing your …
How to Choose the Right Automated Billing System? 03 June 2021
The billing system has gone through a tremendous amount of evolution starting from manual to automated. Billing being a necessity irrespective of the type of business, garnered enough attention to make it more convenient, error-free, fast, and flexible. As a result, the automated billing system came into play. We are living in an era, …
What Automated Billing System Really Means? 20 April 2021
Automated billing system has become an integral part of most digital stores since the past decade. An automated billing system automates the generation of invoices and other billing related activities. With the growing number of OTT (Over the Top) users such as Netflix, Hotstar, Spotify, and others, subscription-based payments are gaining traction world-wide. A …
Common SaaS Billing Challenges and How to Fix them 26 February 2021
Managing customers or subscribers of a subscription-based business is not an easy task. This gets even more complicated when you grow. According to a survey, recurring billing management has been one of the significant challenges among SaaS startups. While the lack of knowledge of recurring billing dynamics has only fueled the challenge, entrepreneurs often …
Buy or Build: The Ultimate SaaS Subscription Billing Checklist 11 February 2021
Price, convenience, and personalization are the three primary reasons; subscription business models have gained popularity in recent years. According to Gartner, all new software entrants and 80% of historical vendors have kept SaaS options in their business model to avoid losing out on the market traction. From airlines to the hospitality industry to car …
Choosing The Right Subscription Billing Platform in Post-COVID-19 Era 19 January 2021
The year 2021 is not going to be ordinary. It will carry the baggage of an active pandemic, a permanent change in consumer spending, and a massive boom in subscription-based businesses. While the former two are beyond control, the latter has opened the stage for cut-throat competition in the subscription billing industry. Because it’s …
