Subscription management software, or recurring billing and subscription billing, stores payment data and processing charges to automatically take care of recurring revenue like customer subscriptions. E-commerce businesses that want to retain customers and create brand loyalty turn to subscription management software to improve customer service. Subscription management software ensures that the right amount of money is being charged to the right person the accurate number of times a year. Subscription management software adds on to a payment gateway’s one-time payment functionality. Products in this category are offered as either a software suite or a standalone tool; suites manage the entire subscription process while standalone products include specialized add-ons that make it easy for businesses to add subscription models to their current product or service offerings. Subscription management software integrates with other tools like e-commerce platform solutions, payment gateways, catalog management software, and other e-commerce tools.
To qualify for inclusion in the Subscription Management category, a product must:
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