Understanding the Key Features of Subscription World

We are living in the subscription era. Nowadays, the subscription model is found everywhere including in various industries. The primary focus of Subscription Management & Recurring Revenue Model revolves around the requirements of the customer. So before we dig deep into the subscription system lets understand some key features of this business model.


Subscription Management  

Subscription management is defined as the customer lifecycle operations including assigning credits, managing trials, making mid-cycle subscription changes, and issuing refunds. Whereas recurring billing is automated, subscription management implicates billing activities that cannot be scheduled always. ChargeMonk provides the perfect subscription plan management system to meet all sort of business needs.

Subscription Billing


The process of billing consumers for their subscription is known as subscription billing. With the subscription billing on invoiced, you can charge consumers each billing cycle automatically, or issue an invoice which can be paid with the payment methods accepted on the account. ChargeMonk is one of the best Subscription billing management platforms, which provides a competitive edge to your business.

Recurring Billing


Recurring billing ensues when a merchant charges a consumer for services or goods automatically on the prearranged schedule. Any of the services or goods that a consumer subscribes to with the regularly scheduled payments proves to be a good candidate for the recurring billing. ChargeMonk is an ideal recurring billing software for all sizes of subscription businesses.



Recurring payments, also known as AutoPay, means that the customer has agreed on the permission for a merchant or retailer to take payments for services or goods per month from the bank account of the customer or to charge his credit card automatically in the amount due per month. Choose ChargeMonk as a Recurring Payments Solution for Subscription Businesses.



Subscription reporting gives data for both the rebill and the initial sale. This information lets users check the new customer acquisition separately from the continuing subscribers’ data. Details reports give information about the number of the processed and unprocessed payments, status, and the contact details of each subscriber. Use ChargeMonk for the detailed Subscription Reporting & Analytics of your business.

Subscription Analytics signifies your subscription-based product’s value, a list of all your subscription accounts, and the status of accounts up for renewal, the total value of your contract business, the value of contracts by stage in the renewal process, recurring revenue from contracts by month and year, including the renewal warning and the pending renewal metrics.




A recurring invoice is a kind of invoicing in which a merchant or supplier charges a customer for services or goods at regular intervals automatically. Accurate recurring invoices are prevalent in modern businesses for their ability to charge customers automatically for a decided amount for goods and services. 





 The subscription-based pricing model can be defined as a business or individual paying a variable or a fixed amount regularly for a service or product. License fees, memberships, bills, direct debits, online communities, and retention fees are all types of subscriptions, with most being paid on a monthly or annually/rolling basis. ChargeMonk helps you to manage recurring billing for your self-serve subscription model.

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