A Subscription Billing & Payment service or software system provides for billing customers on a time determined basis for products or services that they receive. An example is a recurring monthly invoice for access to websites such as newspaper archives. In addition to billing customers often the system also provides for processing online payments of the bill. The services it provides typically integrate with other systems such as eCommerce platforms and online payment systems.
At enlyft, we use sophisticated, patent-pending algorithms to track the use of various Subscription Billing & Payment products and technologies. We track 7 products in the Subscription Billing & Payment category, and have found 656 companies using these products.