Recurring Billing Business Model

Recurring billing (or re-occuring billing) is offered in the form of online subscription or membership products and services.

These products are very popular indeed, and in fact the most recent estimates from June 2005 indicate that nearly 45,000 subscription products or services are being marketed online, and there are more than 120 million subscribers to online products and services in the United States alone.

The recurring billing business model is fast expanding thanks to the automation of payment collection and the conveniences offered by the Internet.
 

Subscription / Membership Fees (online content, magazines, dial-up service, etc.)
 

Association Fees (also donations, club fees, etc.)

Dues (condominum dues, professional trade dues, court dues, etc.)

Insurance (premium payments, health plans membership fees)

Loan Payments (cars, homes, equity, commercial, investments, education loans, etc.)

Installments (consumer goods, sporting goods, and others)

Online recurring billing (the fastest growing is the convenient online billing)
 

There are many benefits to the recurring billing business model, and new benefits are constantly discovered as the features and benefits are explored in completely new dimentions never precieved before. However, some of these benefits include:

Increases sales due to increased affordability by offering essentially installments

Reduces cost of products/operations by increasing sales ratio due to lower prices

Reduces error in payment processing by eliminating manual data entry

Increases customer conveniences

Eliminates storage of credit cards information by businesses/companies

Eliminates security risks and costs for credit card storage

Eliminates the repetitive work of processing recurring transactions

Avoids the need to retain daily logs of transactions that need re-processing

Automates the tedious payment collection process

Increases accuracy of customer information and update

Generally - saves a lot time, money and hassle.

See Recurring Billing - Business Case Studies.

Recurring Billing - Description	Recurring Billing Integration
Recurring Billing - How it Works	Recurring Billing in eCom Subscription
Recurring Billing - Management	Recurring Billing in eCom Membership
Recurring Billing - Features	Recurring Billing in API DirectConnect
Recurring Billing - Business Model	Recurring Billing in eCom Shopping Cart
Recurring Billing Setup	Recurring Billing Configuration
Recurring Billing Setup 1	Recurring Billing Configuration 1
Recurring Billing Setup 2	Recurring Billing Configuration 2
Recurring Billing Setup 3	Recurring Billing Configuration 3
Recurring Billing Setup 4	Recurring Billing Configuration 4
Recurring Billing Case Studies	Recurring Billing FAQ's
Recurring Billing Case Study 1	Recurring Billing FAQ 1
Recurring Billing Case Study 2	Recurring Billing FAQ 2
Recurring Billing Case Study 3	Recurring Billing FAQ 3
Recurring Billing Case Study 4	Recurring Billing FAQ 4