Subscription Services
Subscription services are a business model where customers pay a recurring fee (e.g., monthly or annually) to access products, software, or content, rather than making a one-time purchase. In software development, this often involves building and maintaining platforms that handle user subscriptions, billing cycles, and access management. It's commonly used for SaaS (Software as a Service) applications, streaming services, and digital memberships.
Developers should learn about subscription services when building applications that require recurring revenue models, such as SaaS products, online courses, or media platforms. This is crucial for implementing features like tiered pricing, automated billing, user access control, and churn management. Understanding this concept helps in integrating payment gateways (e.g., Stripe, PayPal) and designing scalable systems to handle subscription lifecycles.