What ExplaraBiz software does for Subscription billing?

ExplaraBiz provides a Subscription Management system using which a service provider can create Subscription plans such as Fixed plan, Multi-tier Price plan, and Metered Price plan.

Fixed Plan: When your plan and its price are fixed in nature, select this plan, fill the plan name, select the price per unit currency, and enter the per-unit price of your plan.

Set the Billing interval depending upon the frequency at which you want to charge your customers.

Provide a short description of the plan and submit it.

Your Fixed Price plan is created. 

Multi-tier Pricing Plan: Multi-tier pricing subscription is suitable for a particular type of subscription model when you want to charge your customer periodically to pay for unit price or range of units. For example, if you wish to sell your products with a plan that if your customer subscribes for X units per month, then the per-unit cost would be $ A, if the customer wants to subscribe for Y units per month, then the per-unit cost of the same product would be $B. This way, you are able to allow your subscribers to subscribe to the same product with a higher number of units, thus reducing the cost of the product per unit.

Step 1: Fill the Plan name, select the currency.

Step 2: Set the Billing interval depending upon the frequency at which you want to charge your customers.

Step 3: Set the Tier pricing from X to Y quantity and price per unit. If you wish to add more tiered units, do so by clicking "Add more tier."

Step 4: Provide a short description of the plan and submit it.

Your MutliTier Price plan is created. 

Metered Price Plan: This plan is most suitable for those kinds of products or services where the price of the service usage is calculated at the end of the consumption period and its billing frequency. For Example - You want to charge your customers for the consumption of electricity units consumed in a particular month calculated at the end of that month. Under this plan, your consumers subscribe to the product or service by simply subscribing to the plan and authorizing you to charge your customers at the end of the consumption period.

Step 1: Fill the Plan name, select the currency. 

Step 2: Set the Billing interval depending upon the frequency at which you want to charge your customers.

Step 3: Provide a short description of the plan and submit it.

Step 4: Your Metered Price plan is created.

   

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