Many merchants are concerned about their transaction decline rates and want to ensure that the rates are within what is normal for their industry or segment. Their concerns can be amplified by seeing large blocks of declined transactions, multiple attempts to collect on a single invoice, and numerous customer updates...
In a SaaS-connected world, where best-of-breed software companies have developed on-demand, highly focused solutions to support a variety of business functions, Recurly merchants weave specialized applications together to create a solution that’s tailored to their business. Merchants get the most value out of connected applications when customer data and events...
There’s a rule of thumb when it comes to marketing: know your audience. This is a great rule in general, and it’s an essential rule for merchants designing a discount campaign to promote their subscription business. Know your audience. Merchants need to know how their customers interact with their product...
In another sign of the growth of the subscription model, Autodesk, one of the latest big-name companies to transition from selling single software licenses to selling via a cloud-based subscription model. On January 31 of this year, Autodesk stopped selling perpetual (non-subscription) licenses of most of its individual products. Although already, before...
Examples abound of businesses large and small moving to a subscription model. From airlines and law firms to business models like OTT and IoT, the subscription business is decidedly booming. In addition to an agile, scalable, and reliable recurring billing solution, new subscription businesses also need a payment gateway to...
Whether you’re building a new subscription business or transforming an existing business to accept subscriptions, Peter Figueredo offers some important tips. Read more about how to build a subscription business in his article targeted to entrepreneurs seeking investments in their business.
Attention all billing and payment engineers and enthusiasts! Recurly will be hosting the February meeting of the Bay Area Billing and Payment Engineers Meetup Group, and we’d like to extend an invitation to anyone interested in attending. Membership in Meetup or this group is not required. More information about this group is available
Fitbit fitness tracker. Nest home thermostat. Philips Sonicare toothbrush. LIFX light bulbs. Caterpillar tractors. The Port of Hamburg. What do all these have in common? They’re all part of the Internet of Things, or IoT, where “smart” devices collect and transmit data, which can then be used by either the...
Subscriptions are not only changing how retailers do business and how consumers buy, but the model’s popularity is also a key factor in fueling the continued growth of e-commerce. These days, there’s an abundance of subscription products and services from which to choose, meeting nearly every need and every niche...
The subscription business model, being as flexible as it is, supports a wide range of businesses—from SaaS companies, to box-of-the-month clubs, to myriad service and product offerings aimed at consumers as well as businesses. But a subscription model alone doesn’t guarantee success. Here’s an article from Subscription Insider which provides...