Third-Party Billing Services
Third-party billing services are external platforms that handle payment processing, invoicing, subscription management, and financial transactions for businesses. They provide APIs and tools to integrate billing functionality into applications without building the infrastructure from scratch. These services typically handle compliance, security, and scalability for payment operations.
Developers should use third-party billing services when building applications that require payment processing, such as e-commerce sites, SaaS products, or subscription-based services, to avoid the complexity and risk of handling sensitive financial data directly. They are essential for ensuring PCI compliance, reducing development time, and leveraging features like automated invoicing, tax calculations, and multi-currency support.