Subscription Management & Recurring Billing Services Subscription Module

Definition

The subscription renewal business is an important revenue generator for any software publisher who sells digital media online. While a one-time sale results in a single transaction with fixed revenue, subscription based sales are recurring, extend the revenue stream and build brand loyalty. Our robust asknet subscription management and recurring payment service model allows you to automate your subscription business and to effectively manage the complex renewal cycle.

How do Subscriptions work?

  • Sell subscriptions and initiate service activation
  • Handling of runtime periods and renewal SKUs
  • Manual and automatic renewal purchases
  • Customizable end customer messaging
  • Publisher platform integration for real time communication

Subscriptions benefits

  • Automated credit card billing, no manual processing needed
  • Build long term customer loyalty through convenient auto-renewal, communication/notification
  • Reduce software piracy
  • Automatically convert trial users into paying customers
  • Increase sustainable revenue stream
  • Reduce marketing efforts for new releases
  • Lower operational costs

Recurring Payment

Recurring or automatic billing is a standard part of asknet’s subscription module. Automatic billing is available for credit cards. After the initial subscription purchase, the customer is given access to the product or service for a specified amount of time or usage period.

References

Subscription products with different runtime periods and subscription code entry for renewal.

Subscription article with runtime period 24 month, with automatic renewal.

Support and maintenance article with runtime period one year,handled as subscription.