Subscription management software helps in streamlining the billing process by enabling e-commerce to collect payments from customers through a plethora of payment options such as debit cards, credit cards, cash, checks, and many other payment gateways. The subscription business is rising and more and more people are looking for e-commerce that gives them flexible and reliable payment options, to demonstrate the demand of subscription business, in 2019 alone over 40 million people visited subscription sites, to utilize this opportunity most e-commerce are using subscription management software to manage their clients recurring billing efficiently to improve customer’s online buying experience. Choosing the right subscription management software can be challenging as each subscription management software is unique and offer some distinct services, however, there are general features a good subscription management software should have and this article list some of them.
When you are looking for a reliable subscription management software to manage your customers’ recurring billing make sure it is flexible, it should allow you or clients to change subscription plans easily and smoothly something that would be challenging to do manually read more here.
Always go for a subscription management platform that can automate, track, and monitor discounts, coupons, and promotions on the products or services your business provides, a reliable subscription management software allows you to incorporate and schedule discounts, coupons and other promotions automatically and easily.
When looking for a subscription management software for your business pick a billing management software that permits you to add your business information on the invoice, invoice branding is an important marketing strategy because it demonstrates your business as professional and improve its credibility, adding your brand information on invoices increases customers loyalty to the business an essential feature for a successful business.
If you desire a good and reliable subscription management platform chose one that supports a variety of payment methods, today customers are overlying demanding and have their predetermined payment method, therefore, having a recurring billing software that supports a wide range of payment options improve your customer service which initiates positive customer relation to your business.
A good subscription management plan should be secure, safe, and reliable to prevent online fraudsters who can steal clients financial data, choose a subscription management platform that is PCI compliant, payment card industry(PCI) is responsible for ensuring recurring billing platforms use safe and secure platforms that protect clients financial information, consider using a subscription management software that absorbs the burden of PCI compliance, this is good because you are relieved from worries of PCI compliance. Those are some features of a good subscription management platform but also important to consider with a precise user manual.