Subscription Payments
Subscription payments is a business model and technical platform for recurring billing, where customers pay regularly (e.g., monthly, annually) for ongoing access to products or services. It involves automated payment processing, subscription lifecycle management (creation, renewal, cancellation), and often integrates with payment gateways and financial systems. This is commonly used by SaaS companies, streaming services, membership sites, and digital content providers.
Developers should learn subscription payments when building applications with recurring revenue models, such as SaaS platforms, subscription boxes, or media services, to handle automated billing, customer retention, and compliance with payment regulations. It's essential for implementing features like trial periods, prorated charges, dunning management (failed payment recovery), and analytics on subscriber churn and lifetime value.