Subscription Billing and Payments

Subscription Billing and Payments

Subscription billing, also termed as subscription-based billing or subscription-based invoicing is a charging method used by businesses to automatically bill their customers on a specific schedule for a fixed period against their offering. The subscription billing model is popular in SaaS businesses who offer their software product as a service and charge their customers for using their software-as-a-service for the duration of the usage which is called a billing period.