Subscription Based Payment Model Challenges

[Emma Wilson]

More and more businesses are becoming subscription based but I am wondering what are the downside of the payment model?

 

[Sophia Harris]

More and more businesses are becoming subscription based but I am wondering what are the downside of the payment model?

Since it's a newer model than the traditional one, there's a challenge in managing recurring billing.

 

[Liam Bennett]

More and more businesses are becoming subscription based but I am wondering what are the downside of the payment model?

There are tons actually like subscription cancellations, constant updates, etc.

 

[Emma Wilson]

There are tons actually like subscription cancellations, constant updates, etc.

What do you mean constant updates?

 

[Sophia Harris]

What do you mean constant updates?

Up, I want to know also

 

[Liam Bennett]

What do you mean constant updates?

It means that businesses should continuously update and improve their products or services to keep their customer subscribed

 

[Mickey Molad]

Business relies on recurring payments, it often takes a long time to recoup the acquisition costs, especially if a customer churns early in their subscription.