Subscription Billing

Do you agree the process of making a payment and the process of getting paid for your services should be smooth sailing? 

SaaS businesses operate in a fast-paced digital world where the ability to quickly and efficiently process payments is crucial to their success. It is that businesses have to stay focused on their products and on applying strategies that will pull them up the stairs.

Customer expectations are changing rapidly, and what people learn to love in one industry increasingly defines what they expect in other industries as well. These ever-shifting expectations put pressure on businesses to meet their customers where they are – delivering their products faster, cheaper and more seamlessly than ever. 

A loyal and retained customer will act as an ambassador of your brand and product, and provide recurring cash flow to your business. Bringing New customers is not only an effort taking but promising job as well. It is not about selling a product, it is about gaining customers.  When the matured customers are happy, it’s easier to attract new ones.  

Since 2021, MYFUNDBOX a bootstrapped Start-up, has been offering a Subscription Billing Platform for all business that rely on recurring payments and Subscriptions. 

Are you looking for a way to keep track of your customers and their subscriptions? Then you need a subscription management system. Read on to learn about the benefits of using one!

when it comes to a choice between a #subscriptionbilling platform and a #paymentgateway. Customer experience is of foremost importance for any business, and this only gets amplified for a SaaS or subscription business, where concerns like  #churn and #customerretention take the foreground.

How you accept payments from your customers probably isn’t an area you spent a lot of time researching. But businesses that don’t optimise their method of accepting payment commonly create these ongoing problems for themselves:

Does your checkout need a checkup? For nearly all ecommerce businesses, the answer is an emphatic yes, according to MYFUNDBOX Subscription Billing’s global payments platform, Stripe. In a recent study that surveyed leading B2B and B2C ecommerce sites and customers, Stripe discovered that 96% of sites in North America, as well as 95% in Asia-Pacific and 94% in Europe, had at least five basic errors in their checkouts. The problem not only spans regions, but also organizations of all sizes, from startups to large, established ecommerce sites with teams focused on increasing conversions.

The trend toward #subscription-based business is clear: by 2023, 75% of direct-to-consumer #ecommerce brands are expected to adopt a subscription model.