Eliminate errors, late billing runs, and unhappy customers while saving money and time. eLabs is a billing and payments platform that automates your payment collection and supports a suite of pricing models.
A variety of billing models customized based on your needs provides endless possibilities for monetizing your offer portfolio.
Increase revenue by charging a one-time fee to existing subscribers at any time
You should define a custom period for any offer, such as yearly, quarterly, or monthly.
Use freemium offers to increase traffic, adoption, and upsells.
Charge a one-time setup fee on signup or after a trial period
Fixed Pricing Model
Simple and common recurring billing model. Define the recurring price and frequency while eLabs automates the rest.
Example: Charge $39.99/month at signup, or $399.99/year with an annual plan.
Using usage-based pricing aligns monetization with how customers consume your products and services. It also enables a wide range of flexible pricing options.
Charges based on subscribed quantities, such as the number of user licenses/seats, contacts, etc.
You can bill whenever you use a unit that resets to zero at the end of the billing period, such as minutes or data transferred.
Per Unit Usage-Based Pricing
If a customer buys one unit or 100 units, the price per unit will always be the same, regardless of the quantity.
Each price bracket has a different price per unit based on the quantity ordered. If, for example, a customer purchased ten units, they would pay $50/unit, or if they bought fifteen units, they would pay $40/unit.
Tiered Usage-Based Pricing
Depending on the quantity, the price is determined by different brackets. For the first ten units, the customer pays $50/unit, and for units 11-20, they pay $40/unit.
Stair-step Usage-Based Pricing
A range of pricing instead of a per-unit cost. For example, the first 50 emails are free, 51-1,000 emails cost $99/month, etc.
Hybrid pricing targets revenue growth by combining multiple billing models.
Two-Part Tariff Pricing
For example, a payment processor charges 2.5% plus $0.30 per transaction.
Three-Part Tariff Pricing
For example, your payment processor charges $50/month plus 2.5% of revenue plus $0.25/transaction
À La Carte Pricing
Make it possible for customers to choose the bundle that best suits their needs by offering various products and services.
For example, a technology company provides a choice of computing products and hosting services.
Multi-subscription billing allows for unique billing scenarios where customers must be billed at different intervals for multiple subscriptions.
For example, a SAAS company charges $1000/year for their services and $150/month for premium customer support.
Minimum or Maximum Pricing
This price model is based on the greater or lesser of two different pricing variables. It is good for establishing a price floor or ceiling.
For example, payment processor charges the greater of $5000/month or 1.0% of sales.
Every customer receives a customized recurring charge. Each pricing scenario can be set internally (set custom price) or externally (name your price).
For example, a unique price package based on a customer’s needs.
Establish a certain dollar amount or percentage that will be billed upfront and the balance will be collected once the product or service is delivered.
For example, a website designer charges 50% upfront and 50% when the website is complete
Perpetual License Pricing
Charge a one-time upfront fee, followed by monthly maintenance and support fees.
For example, software is $200 to download and $49/year for updates and support.
Learn more about how eLabs can accelerate your business.