A Comprehensive Guide for Subscription Billing Platforms (+ 5 Options)

Most subscription billing platforms let you:

• Electronically pay invoices and make payment.
• Customize and manage the subscription model as well as trial models. Manage and customize each subscription.
• Set up a self-service feature for customers to monitor their accounts (including details about their seating and payment information as well as other options).
• Control, and give one-time additions Discounts, coupons and additional.
• Collect metrics and look at the annual reports on recurring revenue.

A vast majority of companies who handle subscription billing require solutions for the various elements of the subscription billing. This includes:

• Payment processing.
• Preventing fraud and chargebacks.
• Tax collection and payment on consumption.
• Legal conformity.
• Plus.

A few subscription billing platforms do not provide these fundamental features needed for managing subscriptions.

In addition, to consider which system to use supports businesses like the one you run. In particular, some payment services specifically assist SaaS firms, and some solutions offer support to companies that sell physical products as well as services (e.g. subscriptions to gyms or food club memberships that are monthly as well as remote accounting).

This article will review the top five payments platforms that allow subscriptions. They will be explaining the many features of their payment processes they have the ability to manage, what choices will require to be integrated, and what kinds of businesses they cater to.

Our system permits international SaaS businesses to cover all of the list above. This article starts by delving deep into . The rest of the list will be aimed at firms that offer physical products as well as services.

Table of Contents Table of Contents

•       Recurly
•       Chargebee
•       Chargify
•       Zuora

Full Subscription Billing Platform for Global Software Companies

is a comprehensive payment solution that is designed specifically for SaaS firms and any other business which offer digital products or downloads. Through the use of B2B as well as B2C software, businesses can control:

• Trials, many subscription choices, discounts Add-ons that are one-time and many more.
• Automated invoices, notification to the customer and invoices.
• Processing of payments (for diverse payment options all over the globe).
• Self-service, fully managed portal for clients.
• Reporting and analytics.
• and plus many others.

Additionally to that, it also assumes the risk associated with transactions as well as taking responsibility for chargebacks, protection against fraud, and collecting and paying taxes on consumption in addition to the requirement to conform.

As you grow, there won't be an unexpected cost since the entire set of features are offered at a flat rate based on the amount of transactions that are involved. Payment will be received once the transaction is complete.

HTML0 Below, you will find sections on HTML0. we provide a comprehensive study of how you can:

•       Create Custom Subscription Models and Trials using no coding
•       allows customers to control the details of their accounts using a simple site
•       Improve the Checkout Process to improve conversion
•       Guard Your Company from Legal liability in relation to Transactions
•       Let's Get Together and Pay VAT and Sales Taxes for You
•       Automated the handling of payment failures and cut back Churn
•       Automatically Gather Key Metrics and provide the full Reports

Design custom subscription models, Trials and Subscriptions without the need for codes

Most companies need the availability of various recurring billing choices and models for trial in order to accommodate the requirements of different types of products and markets. Furthermore, the system that you first use might not be the most effective in the long run as your business increases its size.

Some platforms for billing allow the creation of customized subscription plans, however it is necessary for your developers team to develop these plans on your own (with assistance from the billing service provider). the billing service provider).

 offers a range of built-in features to allow anyone to create custom subscription plans without any expertise in technology.

Here are a few examples of the different kinds of trial and subscriptions are possible to set up

• Payment, trial or free for a trial.
• Automatic billing after the trial is over (or let customers start the auto-initiation of the).
• You can set the time for billing or the days of the week (or let your customers decide).
• Usage-based billing.
• Discounts, coupons, or any other amount that are prorated, or perhaps add-ons that are only available for one-time use.
• Automatically store payment information (or permit customers to select the option).
• Auto-renewing for a different subscription plan.
• Plus.

If you're looking for alternatives, you could make use of this API in conjunction with the Webhooks Library to design your customized subscription plan. Developers are on hand 24 hours a day to assist you in finding the most suitable solution to your specific needs. They can also answer any questions you may need to ask about.

Customers are able to manage their information in their account through an intuitive website

It's a self-service platform that users are able to access:

• Subscriptions that are active and not inactive (or trial subscriptions).
• The story of the order (and the number of identification).
• Keys for licences, download history.
• Payment details.
• Contact details.
• and many more.

Through this web-based portal Users can manage upgrades, downgrades for the bank account or credit card details as well as other information without needing to call assistance.

manages the entire portal so that your team isn't working on. However, you'll be in complete control of the layout and design of your site. It allows you to create an experience that's unifying to your visitors and reduces the burden on your team of developers.

Make Your Checkout Process More Effective in order to increase the number of transactions which are converted

With the majority of services for subscription billing there's an option for checkout as well as payment processing (which may require an additional cost or software to deal with).

permits you to manage your accounts, subscriptions, as well as processing payments, all in the same software.

In the span of almost two decades, we've been working with software companies for more than two decades. We've gained valuable insights into how to optimize the number of checkouts to boost sales. For instance, customers prefer to finish an order once they've completed:

• You agree to the preferred payment method.
• The transaction is approved on the first try.
• Check-out will be done in local currency, and the language you prefer.
• The style and design of the checkout interface is like the overall style of the website.

Each of the zones is constructed into the platform

• preferred payment method: allows you to make use of the most well-known method of payment around the globe.
• High acceptance rates for payments made with credit cards: Each credit card institution and bank which issued it has its individual acceptance criteria in chargebacks and fraudulent transactions. Make sure you adhere to the rules so that you can stay within the limits of authorisation. Furthermore it is more likely for transactions to be approved if the gateway is a legal entity that has been authorized that is located in the same area as the purchaser. The company is associated with numerous processors of payments around the world and makes sure that all payments are processed through the gateway at the highest approval rates in the specific area.
• Automated conversion of currency which converts costs to the currency used by the purchaser. It's possible to choose to show the total cost for each location or let convert the amount immediately.
• The process of checking out to multiple languages will also aid you by translating checkout process procedures into local languages. Choose the right local language according to the place where the buyer's home is located or let the purchaser decide which language they would like to use.
• Fully personalized checkouts With HTML0 you can choose to choose from three different options for your checkout. These include an integrated checkout button , as well as pop-up checkout. You can also have an exclusive storefront, which is managed by our team. Each option allows you to have complete control of the appearance and style of your checkout pages or. The majority of checkout sites offer the most basic options of customizing (e.g. it is possible to include your business' logo or choose from a range of colors) But checkouts are designed to be adapted to the resolution of the pixels.

Your company is safe from the legal liability of transactions

Experienced SaaS firms know that it's essential to set the conditions and conditions of subscription. Customers have to agree with the conditions before they're able to pay. It is a challenging decision to determine what should be included on the document. It is even more challenging when transacting international business since the requirements of the contract that you should contain will vary with each country, state or region, as well as the specific state. If you do not complete all of the required elements of your contract, it could lead to costly costs, or be prohibited from conducting business in the region of jurisdiction.

In addition there are several states that have rules and laws regarding automatic payments that do not have to conform to the convention. For instance, India limits automatic payments which are not more than 15000 Rupees (approximately $180 at the date of this article). If the value of the amount you are paying is often greater than this limit, the recipient is required to make the payment personally every time. In order to avoid penalties, you must make an application to eMandate the Reserve Bank of India that states how you will adhere to the regulations.

Continuously keeping up-to-date with rules similar to these throughout the world is a major issue for all businesses.

If our customers aren't concerned concerning this matter, we'll take care of the issue since we ensure the compliance of local laws and regulations. The legal department of the business is kept up-to on all aspects of laws regarding transactions, and is able to make sure that all the needed procedures and documents are put in place for making payments immediately.

It is completely in accordance with EU General Data Protection Regulation (GDPR) and is fully in compliance to the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) in addition to a myriad of different laws and regulations.

Begin Gathering and Pay GST, Sales Taxes and other taxes. the Taxpayer.

SaaS companies didn't always need to be tax-paying for consumption. But the tax rules applicable to companies selling software are currently evolving and are being increasingly implemented.

The majority of payment options are able to help you collect taxes on consumption , but you're responsible for making sure you're paying the proper amount and for paying taxes at the end of each tax season. If you do not be certain you've received the proper amount (and an adequate amount) of consumption tax on the correct dates then you could face massive penalties or lose the privilege of operating your business from this specific place.

automatically adds the proper amount (and the format) of tax for consumption which is due to the cost of the service user , and then pays the taxes on your behalf.

We could assist you with tax-free transactions and other situations that require special attention. Also, we could serve as the primary for any audits.

Automate the handling of payments that fail and decrease the quantity of Churn

Between the time that the transaction being initiated and every subsequent invoice, there are many factors that could go wrong, preventing the transaction from running effectively and can cause customers to reverse. Working with hundreds of corporations and institutions, we've developed processes that are automated to handle the most common issues that lead to an increase in churn. We also return most of the transactions that did not succeed.

There are some HTML0 tools that can be used to reduce the amount of churn and also inefficient payments.

• Reminders for payment to stimulate:In our experience, notifying customers of the upcoming payment date and reminding clients of payments that are cancelled is among the most effective ways to lower churn due to involuntary payments and the challenge of trying to make a payment. This software can set up automatic reminders of upcoming payments.
• Reminders that are offered with a variety of types: When a transaction fails, users often need several reminders in order to be capable of solving the problem (e.g. the transfer of money to their account, or changing the method of payment or payment method or method of payment or payment method, etc.). The possibility exists to send periodic reminders that follow up in the interval of 3 or 2 days, or seven or seven 14 or 21 days after the first failed payment ( they will endeavor to complete the payment prior to sending every reminder).
• It will be able to continue running: Another effective way to cut down on churn uninvoluntary way is to make sure that your service is running as you attempt to increase the amount of cash. This will give your customers pleasure as customers will have the opportunity to address their issue and not be a victim of the pitfalls of a service which is stopped. More satisfied customers are most likely to stay with you. are likely to remain.
• Reactivation is simple: Once all reminders are received, it's feasible to stop instead of cancelling the service of your customer. This makes it easier for clients to renew their accounts and without the need to sign-up or sign up (onboarding can be a major obstacle for starting the service).

The system also ensures that it will attempt to recreate every transaction by using another processor (without anyone on the team touching the fingers) to resolve any problems which result from issues in the network.

Automatically collect Key Metrics and review detailed reports

Analytics and Reporting lets you deal with issues like

• What is the purpose of each component to my profits margin?
• What are the products that have tested to be the most well-loved and the most effective? Which ones resource drain?
• Which coupons, promotions, or sales are most popular? number of clients?
• Which model of subscription is most effective?
• Which are the markets that have proved to be most profitable, and also are the ones with the highest potential?

The dashboard consists of two: the Revenue overview dashboard, together with the dashboard which displays the subscription details.

The revenue overview dashboard gives a full picture of the financial performance of your organization. It includes:

• The location of your client.
• Which payment methods and which currencies do consumers feel most comfortable with.
• Net sales per product.
• The volume of transactions for each country.
• and many more.

The Dashboard that displays an overall picture of subscriptions lets you track the monthly recurring revenue (MRR) and dig more deeply into the factors that affect your MRR throughout the time. It gives statistics about:

• Cross-sells, Upsells, as well as additional items.
• Long-term value for every customer.
• The total amount of revenue that a customer makes.
• In the billing cycle, churn is in place typically.
• The amount of money earned over the course of a customer.
• Plus.

You can alter the report that you wish to save. You can also communicate your report to other key people via the dashboard, or save it as an Excel spreadsheet, CSV or PNG and the spreadsheet export XLSX.

Four additional subscription management platforms

Recurly

Recurly is a recurring bill and control system designed for companies selling:

• B2C and B2B B2C software.
• Mobile app.
• The Media, Entertainment and Media.
• Consumption and retail items.
• Professional Services.
• eLearning.

Recurly supports easy integrations using various payment processors. But, it is your responsibility for setting up and configuring the settings of each one. Most businesses that use Recruly are also able to add software to:

• Taxes (e.g., Avalara).
• Accounting (e.g. As an instance, QuickBooks).
• Protection against fraud (e.g. Sift- customers are protected automatically by Sift).

In addition, you'll have pay tax and transaction fees also, so it's probable that you'll require separate departments in charge for tax compliance. (With everything else, it is included in one bundle and managed by our specialists.)

Chargebee

Chargebee is a system for billing subscriptions and revenue management software that has been specifically developed to:

• B2B SaaS.
• eCommerce.
• eLearning.
• Publishing.
• YouTube and OTT.

As with Recurly, Chargebee is primarily designed to bill subscriptions. This means that you'll require other alternatives in terms of tax, fraud security along with payment processing and more. Chargebee provides a broad range of integrated integrations (e.g., Stripe, PayPal, SalesForce, and QuickBooks) However, they aren't offered in all Chargebee plan.

Chargify

Chargify provides subscription-based options that work well for B2B SaaS companies.

There's a good chance that you'll need additional solutions for tax, fraud prevention and processing payments, among others. However, Chargify does offer simple software for accounting to track revenues (for various types of companies).

Chargify is set to merge with SaaSOptics and form the company Maxio. The merger will allow businesses using the service are capable of controlling their financials which include an automatized expense and revenue accounting along with automated reporting.

Zuora

Zuora can be an all-inclusive solution for you to earn money from your business with the capability to manage subscriptions built into. The majority of their customers include these areas:

• Manufacturing as well as IoT.
• Software.
• High-tech.
• Media and Entertainment Media and Entertainment.

Zuora is a service that is subscription-based that is generally effective (e.g. the freemium plan that is dependent upon usage and the possibility of changing into paid-for plans) But, it also offers choices that make it more effective with regards to the management of dunning, billing and payment (although Zuora does have companies which can work with various payments processors).

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