Whether it’s subscribing to a popular streaming service or paying a monthly fee for expanding cloud storage, it’s no doubt that a subscription billing system is a popular payment method for both customers and companies. With subscription billing software, companies can easily manage the subscription billing that is going to benefit both them and the customers! Here are some of the best subscription billing software available.
17+ Subscription Billing Software
1. Chargebee
2. Chargify
3. Sage Intacct
4. SaaSoptics
5. Vendasta
6. Paddle
7. 2Checkout
8. Billsby
9. Stripe Billing
10. FastSpring
11. Zuora
12. PayPro Global
13. ChargeOver
14. Zoho Subscriptions
15. Fusebill
16. Tridens Monetization
17. LogiSense
18. Recurly
What Is Subscription Billing Software?
Subscription billing software is a subscription management software tool that manages and keeps track of the recurring subscription payments offered by companies. The software allows companies to provide facilitate various subscription plans and payment options to customers.
Benefits
One of the benefits of using subscription billing is that it creates customer loyalty as they would pay frequently, which in turn increases revenue and profit for the company thanks to the customers who kept renewing their subscriptions. The recurring billing subscriptions also help companies to easily predict income that the company will earn in the next coming months. The fact that the software automatically renews subscriber’s subscription plans also helps prevent any kind of income delay that may be detrimental to the company’s earnings. Subscription billing software also allows companies to determine what is their best-selling service and what is the leading payment method in subscribing to these services.
Features
The heart of subscription billing software is payment processing, in which the software identifies and records the payment and stores them into financial transactions. Another important feature is that the software should be able to accept various payment currencies, which the pricing can either be directly converted from the original price or priced locally. The software should also be able to provide various billing schedule options available, from daily to monthly to annually. The software should also be able to have a recurring invoice generator feature in which receipts can be sent to customers’ email once the automated payment has been processed.
- Payment processing
- Multi-currency features
- Billing schedule
- Invoice generator
Top 10 Subscription Billing Software
1. Recurly
Recurly’ssubscription billing software can help companies reach their growth as a company that empowers endless possibilities. Recurly has 262 employees and earns annual revenue of $38 million.
2. Chargebee
Chargebee uses an end-to-end subscription billing software that allows companies to manage their subscription and automate invoicing many SaaS software. has 591 employees and earns annual revenue of $76.8 million.
3. Chargify
Chargify empowers B2B clients with their specialized subscription billing software that helps them have an edge over their competitors. has 110 employees and earns annual revenue of $14.3 million.
4. SaaSoptics
SaaSoptics’ automated subscription billing software is trusted by 900+ B2B Saas companies with their reliable expense tracking and data metrics tools. SaaSoptics has 100 employees and earns annual revenue of $14.5 million.
5. Vendasta
Vendasta provides their clients with subscription billing software that is easy to use and enhances brand management strategies with tools such as search engine optimization (SEO) software tools, personalization software tools, and many more. Vendasta has 517 employees and earns annual revenue of $75 million.
6. 2Checkout
2Checkout’s payment processing software allows companies to accept credit card online transactions anytime and anywhere. 2Checkout has 297 employees and earns annual revenue of $43.1 million.
7. Billsby
Billsby provides an easy and accurate subscription billing and invoicing software that is easily customizable and generates powerful results. Billsby is owned by Airfi Networks, which the parent company has 5 employees and earns a revenue of $2.4 million.
8. FastSpring
FastSpring helps SaaS software with their software that helps them sell more in their respective competitive industries. FastSpring has 115 employees and earns annual revenue of $16.7 million.
9. Zuora
Zuora’s subscription management software helps subscription companies grow with their advanced billing tools. Zuora has 1,242 employees and earns annual revenue of $161.5 million.
10. Fusebill
Fusebill provides companies with ease of mind with their all-in-one subscription management software that allows every aspect of the management to be automated with powerful and reliable results. Fusebill has 47 employees and earns annual revenue of $6.1 million.
FAQs
Does subscription billing software get a share of the revenue that is being processed through the software?
It depends on the terms and services set by the subscription billing software. Commonly, some software would collect a share of the revenue on top of the subscription fee but it’s possible that some software may not require additional charge their clients for any income generated.
Is providing localized pricing better than directly converting pricing from the original subscription price?
Providing localized pricing for each country’s market that is different from the original pricing is the best way to gain more customers. The original default pricing may be the standard in some countries but maybe too pricey in other countries. It’s the reason why subscription billing software must provide multi-currency options wherever possible.
How much does subscription billing software cost?
Pricing for subscription billing software can range from free to $295 per month or more, with customized pricing available for some software. Pricing can vary depending on the features available and the target audience those developers are targeting to. Small businesses can benefit from using free or low-cost subscription billing software while larger businesses can benefit from using high-cost software.
Managing subscriptions might be overwhelming at first and it might be surprising that companies might have subscribed to many software. But eventually, with subscription billing software, companies can keep track of their spendings on subscriptions so that they know where their money is going and whether these subscriptions to some software s worth the price tag.
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