It’s the age of the internet, and customers expect businesses to provide a seamless online experience. This is especially true in subscription-based models. As you plan to build or expand your SaaS business, subscription billing is a necessary part of getting your product up and running with customers.
Subscription billing is an umbrella term that describes how businesses accept recurring payments from their customers—including both one-time and multi-month subscriptions, as well as one-off purchases.
How subscription billing works in the digital world
Subscription billing is a way to charge recurring payments to your customers. It’s a great way to grow your business, but it can also be used in many different ways. In the digital world, subscription billing is used for everything from apps and music subscriptions to eBooks and even SaaS products.
Subscription billing can be used as a way of building a community around a product or service that you provide—and it’s one of the most effective ways to do so. When someone pays for access to something they need regularly (like an app), they will feel more invested in seeing it succeed because they’re paying upfront instead of just buying one-off items that cost less money each time.
Grow your business with plans and pricing pages
One way to ensure that your pricing page is effective is to make sure it’s easy to read. This means using a font that’s easy on the eye, as well as making sure there are enough whitespace, headings, and colors so that it’s not overwhelming.
Make sure the pricing plan fits with what you need, then make sure the audience understands how they can use it. For example, if you want someone to sign up for an annual subscription then set up terms accordingly: 1 year = 12 months; 6 months = 6 months; 1 month = 1 month etc.
Build a custom checkout with hosted pages
Hosted pages are a great way to create a custom checkout. They’re simple, secure, and easy to use — perfect for all types of businesses.
Hosted pages are mobile-friendly, meaning your customers can check out on their phones without missing out on the experience you’ve designed for them. You can also add custom branding and features like live chat support or social media buttons at no extra cost.
Create a native application experience with API integration
API integration is a way to create a native app experience. When you integrate an API, it allows your users to interact with the data from their favorite websites in an app-like environment. This can be useful for both businesses and users alike.
For users, API integrations allow them to access information seamlessly without being stuck in one application or website at any given moment. By integrating multiple APIs into one seamless experience on top of whatever other applications they use most often (Gmail), users can get what they need quickly without having to navigate through many different menus first.
Improve conversion rates with saved payment methods
One of the biggest benefits of using subscription billing is that it provides a seamless experience for your customers. If you are selling an app, for example, and one of your customers has already paid for it before on a different device or platform then they will be able to use saved payment methods so they don’t have to enter their details every time.
This saves them the hassle of having to enter their credit card details over and over again which can be off-putting if you want people to stay engaged with your product. It also improves conversion rates because customers are more likely to convert if they don’t have any barriers in front of them when trying out new products or services.
Subscription billing is best when you want to grow your business and increase revenue. The ability to quickly scale up or down with new features, products, or pricing tiers allows you to experiment with different strategies without incurring heavy development costs. It’s also important to have a clear understanding of how each type works and what functionality is needed before making any decisions on which platform will work best for your business needs.