Subscription Billing
Subscription billing is a platform or system that automates the recurring payment process for subscription-based business models, handling tasks like invoicing, payment processing, and customer management. It enables businesses to charge customers periodically (e.g., monthly, annually) for ongoing access to products or services, such as software, media, or memberships. These systems often integrate with payment gateways, provide analytics, and support features like trial periods, upgrades, and dunning management.
Developers should learn and use subscription billing platforms when building or maintaining applications with recurring revenue models, such as SaaS products, streaming services, or membership sites, to ensure reliable and scalable payment handling. It is essential for automating complex billing cycles, reducing manual errors, and complying with financial regulations, making it a critical skill for roles in fintech, e-commerce, or any subscription-based startup.