According to recent reports, the global market for subscription billing management will nearly double in size in the next five years. Already, roughly 5% of European consumer spending is dedicated to subscription services.
The world is growing increasingly comfortable with digital business. More companies are starting to recognize subscription-based services as a profitable and consumer-centric business model.
Consumers and merchants don’t always see eye-to-eye. One thing most parties will agree on, though: they love the subscription billing model.
This billing method offers advantages for both merchants and customers.
A “set it and forget it” business model is the best way to keep customers buying on a consistent basis. Every year,
Recurring billing chargebacks are an unfortunate side effect for businesses using a recurring transaction billing model, such as a subscription service. This model gained popularity in recent years, and with good reason: it offers considerable advantages for both consumers and merchants.
The subscription billing model (recurring billing) has become increasingly popular among online merchants wanting new ways to increase revenue. But what is recurring billing and how can merchants weigh the benifits against the risks?
Last week, we talked about the new Mastercard Dispute Resolution Initiative, the company’s plan to streamline chargebacks and make the process fair for both merchants and consumers.
Want more sales with no added fraud liability? Of course you do…who doesn’t?!
Reducing customer friction is a consistent, proven method of achieving higher sales. After all,