How to Choose a Good Subscription Management Platform
The primary role of subscription management software is to automate billing and other subscriptions of e-commerce, this enables businesses to schedule and collect payments electronically from a wide range of payment options such as debit cards, credit cards, cash, checks among other payment gateways such as stripe billing. Statistics demonstrate that over 40 million people visited subscription sites in 2019 and 80 percent growth from the previous year and the subscription business is said to continue rising, e-commerce are exploiting this opportunity by using subscription management software to manage their customer’s recurring billing efficiently and smoothly like Billsby check it out. Getting to know the ideal subscription management software to pick for your business can be confusing because of numerous subscription management software vendors and myriads of features you need to consider but there are general components a good subscription management software need to have, this article outlines some of these features.
When you are looking for a reliable subscription management software to manage your customers’ recurring billing make sure it is flexible, it should allow you or clients to change subscription plans easily and smoothly something that would be challenging to do manually read more here.
It is always good to prioritize subscription management software that can handle discounts, promotions, and coupons, this is imperative because there is a time when you need to offer special offer on your products or services to your clients, this is normally done via discounts, coupons, and promotions and therefore you need a subscription management platform that can deduct, track or monitor discounts and other offers automatically see moonclerk pricing.
It is recommended you choose a subscription management software that you can add your brand on the invoice, invoice branding is important for a successful business because it makes your customer develop trust, see you as professional and credible, furthermore, branding creates customer loyalty to the business something, that is, important for the growth of the business.
Look for a subscription management platform that allows clients to select their preferred payment options, today customers are overly demanding, selective and have their preferred payment choice, incorporating a subscription management platform on your e-commerce that support a variety of payment options, such platform generate positive customer services which are important in developing customer’s confidence in your business more about such recurring billing platforms on this site.
It is good to choose a subscription management platform that is meet all the requirements of payment card industry (PCI) regulations such as Billsby, this is a critical requirement because you need to use secure and safe recurring billing software that protect clients’ financial data, an outstanding subscription management platform that absorbs the all the risks of PCI compliance, with such billing platform you do not have to worry about PCI regulations and requirements. You can use this guide to choose a reliable recurring billing platform.