Subscription management software helps in streamlining the billing process by enabling e-commerce to collect payments from customers through a plethora of payment options such as debit cards, credit cards, cash, checks, and many other payment gateways. Today subscription businesses have become popular, in fact in 2019 there were over 40 million people who viewed subscription sites, this is why many e-commerce are looking for subscription management software to manage their clients’ recurring bill efficiently. Choosing the right subscription management software can be challenging as each subscription management software is unique and offer some distinct services, however, there are general features a good subscription management software should have and this article list some of them.
Make sure the subscription management platform you are selecting is flexible, that is, it allows you to change pricing plans easily whenever needed, you need a recurring billing software that can handle migrations of subscription plans seamlessly and with less hassle something that will be relatively difficult to do manually see this company.
Always go for a subscription management platform that can automate, track, and monitor discounts, coupons, and promotions on the products or services your business provides, a reliable subscription management software allows you to incorporate and schedule discounts, coupons and other promotions automatically and easily.
Pick a subscription management platform that allows you to add your business brand on the invoice, adding your business information on the invoice is not just a marketing gimmick, it display a level of professionalism and credibility to your business, it initiate customer’s loyalty to your brand, this is why it is important to consider a recurring billing software that permits you to add your brand information.
You should consider subscription management software that supports a range of payment options, customers have different preference payment method when it comes to online transactions therefore, having a recurring billing software that enables a variety of payment option incorporated in your e-commerce improves customer’s experience which prompts customer’s confidence with your business.
Given the sensitivity of online transactions to fraud, pick a subscription management platform that is compliant with the payment card industry (PCI), this is necessary to ensure consumer’s financial information is secure and cannot be retrieved and used by online fraudsters, a good subscription management platform should absorb the burden of PCI compliance, this make sure your business is not fined in case client’s financial information is stolen find out now about PCI on this page. Those are some features of a good subscription management platform but also important to consider with a precise user manual.