Ecommerce & the subscription economy

GetElastic

It’s time to start thinking inside the box as more companies are embracing the subscription model. The largest subscription-based players generate more than $2.6B In 2018 , Amazon Subscribe & Save, Dollar Shave Club, Ipsy, Blue Apron and Birchbox were the five most popular subscription ecommerce sites. Some industries have completely converted to a subscription model; Gartner predicts that by 2020, up to 80% of software will be sold as a service.

The 5 Facets Of Success In The Subscription Economy

Retail TouchPoints

The subscription economy has been making waves since 2010, when Birchbox debuted a subscription box that quickly gained popularity. And in the case of subscription retail and direct-to-consumer sales, technology is the backbone of the business.

FastSpring Review: High-powered, Global Payments and Subscriptions

Ecommerce Platforms

FastSpring works to change all that, seeing as how it provides a full-stack ecommerce platform with subscription support and a wide range of currencies and languages. Full-service Subscriptions for Software. 17 payment methods.

Subscription Finance: What is ARR?

FastSpring

We’ve all heard how effective subscriptions can be for growing companies. Perhaps one of the biggest benefits of implementing a subscription model is that it allows software companies to avoid the unpredictability of one-time sales by guaranteeing a steady stream of revenue.

All You Need To Know About Recharge Payments

Ecommerce Platforms

If so, Recharge Payments could be the solution for you. This review takes an in-depth look at its features, hits and misses to help you determine if it is the right fit for your subscription business model. But first about the subscription market. What is Recharge Payments?

Payment Depot Reviews: Monthly Memberships for Payments

Ecommerce Platforms

It's a good idea to look at Payment Depot reviews like this one, because it truly is one of the most transparent payment processors. If you like membership pricing, Payment Depot provides a system where you pay a monthly membership fee for your processing.

Subscription Ecommerce Websites Saw 4,461% Revenue Boom in 5 Years: 20 Brands Reaping the Benefits

BigCommerce

Don’t even say it out loud: Subscription boxes are not dead. Heralded as the newest, greatest ecommerce strategy beginning around 2010, subscription box services like BirchBox, Trunk Club and Dollar Shave Club have not only made headlines – they’ve made billions.

Running a Subscription-Based Business? Consider Chargebee: A Complete Review

Ecommerce Platforms

The stats speak for themselves; as many as 15% of online shoppers at one point or another have signed up to receive a product-based monthly subscription. So, if you're an entrepreneur looking for a new venture, now's the time to jump on the bandwagon and launch a subscription-based business.

Dwolla Review 2019: ACH Payments Made Easy

Ecommerce Platforms

If so, you'll need to find and use a top-notch payment platform. This solution helps to simplify automated clearing house payments (ACH) and white label bank transfers for businesses. Now you're ready to automate your payments. Dwolla facilitates ACH payments.

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Subscription Finance: What is Annual Recurring Revenue?

FastSpring

We’ve all heard how effective subscriptions can be for growing companies. Perhaps one of the biggest benefits of implementing a subscription model is that it allows software companies to avoid the unpredictability of one-time sales by guaranteeing a steady stream of revenue.

Subscription Q&A with FastSpring’s In-house Expert

FastSpring

Thinking about transitioning to a subscription-based business model? In fact, according to a recent report from Gartner, more than 90 percent of software providers are expected to migrate to a subscription-based business model by 2022. That’s why our Director of Pre-Sales and Implementation, Adam Cohen, is here to answer all of your burning questions about subscription management and recurring billing. Why should I care about subscriptions?

A Detailed 2Checkout Review: One of the Best Payment Gateways (2019)

Ecommerce Platforms

Searching for a payment gateway turns into a confusing battle to figure out which companies offer the best rates, which of them are helpful for processing payments in various countries and how the systems integrate with your own online store.

Subscription Finance: What is Customer Lifetime Value?

FastSpring

Since most SaaS and subscription-based businesses depend on recurring payments to sustain themselves, it can pay dividends to keep a close eye on lifetime value and customer retention rates. Using CLV to Determine Subscription Business Health.

Why You Should Make The Switch From A Perpetual License To Subscription

FastSpring

Here’s how your company can benefit from switching from a perpetual license to a subscription plan. Reason #1: Subscriptions support product innovation. Switching to a subscription plan doesn’t mean your company gets to neglect customer acquisition.

How to Price Your Software with a Subscription-Based Model

FastSpring

Netflix, for example, markets free trials heavily because their data shows that they work, retaining about one in three people for a subscription. Once they’ve seen the platform or software in action, they’re more likely to continue to use your product and extend their subscription beyond the free trial period. You’d be surprised to find out just how many subscription-based models have actually seen many of their enterprise customers start out as free trials.

The Best Subscription Box Product Sourcing Strategies

ecomdash

In the subscription box model, which has carved itself a niche in ecommerce over the last few years, the customers don’t choose what products you send them, you do. So, make the most of your subscription box product sourcing by following these tips. What Are Subscription Boxes?

MoonClerk Review: Recurring Payments Made Simple (July 2019)

Ecommerce Platforms

Looking for a tool, you can rely on to manage recurring and one-off payments with ease? After all, the growth of the internet and the availability of mobile payments means that virtually anyone can set up their own store and start making sales, whenever and wherever they like.

Why You Should Focus on Subscription Services

FastSpring

In other words, we are now in an era of subscriptions, in which businesses are progressively moving towards subscription-based business models. With subscriptions poised to disrupt the traditional business model, it’s only natural for you to wonder if offering a subscription model can benefit your business. Here are three reasons why you can’t overlook subscription services. What’s next for the future of subscriptions?

Why The Subscription Model Is The Future And How To Make The Switch

FastSpring

We’ve seen explosive growth in the field of subscription and recurring billing with more and more software and SaaS companies discovering how impactful implementing a subscription model can be for their long-term growth plans. Maybe you’ve caught wind of all the buzz around recurring billing or perhaps you’ve seen similar companies in your industry already rolling out subscription pricing. Subscribing to the idea of a subscription-based business model. .

Subscription Vs. Pay-Per-Use For Your SaaS

FastSpring

First, you need to be sure that you’ve priced your product fairly, and second, you want to offer the payment option that will appeal to the largest number of users. What’s the story with subscriptions? If your digital business is just getting off the ground, subscriptions can be a lifesaver. Adopting subscriptions over a one-time-sales pricing model can help ensure that your SaaS business is maximizing the lifetime value of each customer you acquire.

Square Payments Reviews What’s All the Fuss About?

Ecommerce Platforms

If you're considering Square as your mobile payment processor, then you're in the right place. Today, they arguably offer a payment processing solution with the most features on the market (that is, one that doesn't charge a monthly fee)! Who Are Square Payments?

5 Tips to Reduce Churn on Subscriptions

FastSpring

The best thing about a subscription program is the reliable revenue it generates. Your subscription churn rate is the number of subscribers you lose over a given period. the subscriber elects to cancel their subscription) or involuntary (e.g. Month-to-month subscription plans give your customers the freedom to quit at any time, which can mean unpredictable churn for you. But do you have the time to individually email and/or call each failed payment?

4 Ways to Test the Strength of Your Subscription Model

FastSpring

Subscription-based businesses are awesome! While the recurring revenue part is true and awesome, retaining customers and creating a sustainable subscription-based business model can be super tricky. Remove any pain points, create clear messaging, and be clear about payments and fees.

Shopify Payments Review: The Most Elementary Alternative To 3rd Party Gateways

Ecommerce Platforms

So what if I told you that, with Shopify Payments, you don’t need to hang on to 3rd party gateways anymore? This e-commerce sales channel has quite strikingly, stepped up a notch higher in the market via its integrated payment solution. What is Shopify Payments?

5 Emails That Subscription Retailers Should Be Sending – With Examples

Lemonstand

Email marketing ties the customer relationship together for subscription brands. To break through the noise, online retailers, especially subscription eCommerce companies , must make it a priority to create meaningful communications for their audiences. The Subscription Dunning Email.

Stripe Review: Payment Processor With Advanced Development and Clear Pricing

Ecommerce Platforms

The Stripe payment processor has some romance behind it. There's plenty of hype behind the Stripe company, and as a third-party payment processor , it offers some of the best development tools, security measures, and international business modules for online commerce.

The Challenges of Operating eCommerce Subscription Businesses

Scalefast

Subscription programs can strengthen customer loyalty, reduce inventory risk, increase the lifetime value of each customer and boost ROI. The growth of subscription box services has been exponential over the past four years. But what does it really take to seamlessly grow and manage an eCommerce subscription business at scale? It’s simple enough to manage 50 subscription orders each month, but what about 50,000? Payment security and alterations.

Payline Data Reviews: A Transparent Payment Gateway with Online, In-Store and Mobile Solutions

Ecommerce Platforms

Finding a reasonable payment gateway to use for your business is often like playing a game of golf: After much consideration, and lining up your shot, it seems clear that you've found the right route to the hole. Mobile, POS and eCommerce payment processing available.

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Why Now Is An Amazing Time To Start A Subscription Box Service

Lemonstand

There has never been a better time to start a subscription box service. From 2013 to 2016 alone , the number of visitors to subscription box websites has grown by over 3,000% — from 722,000 to 21.4 And as of March of 2016, there were more than 2,000 subscription box services in the U.S.

Ecommerce Payments Trends To Look Out For In 2019

FastSpring

Want to learn more about the 5 ecommerce payments trends shaping 2019? A push for smarter payment processing. Businesses around the globe will look to simplify their payment tech stack. Managing multiple payment processors, payment gateways, and even just trying to understand online payment processing can be challenging especially if your business is just starting out. More businesses will transition to a subscription model.

How To Reduce Payment Card Decline Rates On Your Online Store

FastSpring

However, there is another lesser-known metric that also deserves a lot of attention – payment card decline rates. To protect your business and ensure you’re on the right track to future growth your business should keep a close eye on your payment card decline rate.

Alternative Payments Review: Catering to Customers Who Don’t Like Credit Cards

Ecommerce Platforms

Some commons problems often arise when ecommerce professionals look for payment processing: There are too many fees. Payment processing may not be offered in your country or region. Credit cards are the only payment option. The local payment methods fees are pretty low.

Cratejoy Review: Start Your Own Subscription Business With Marketing in Place

Ecommerce Platforms

If you go to Cratejoy as a consumer, you'll find a multitude of subscription boxes to fit your own tastes. What's even more intriguing is the fact that anyone can sign up to sell their own subscription boxes. Customizable Subscriptions.

Stripe vs Square: Summarizing Your Options for 2020

Ecommerce Platforms

Both of these tools are market leaders in the payment industry, with features that have transformed the way that we pay for the things that we need. and 30 cents for every transaction to add Stripe payments to your website. to take payments online, plus 30 cents for each transaction.

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4 Ways Dunning Management Reduces Churn

FastSpring

A challenge faced by all subscription-based businesses is figuring out a way to keep recurring payments flowing for their company. But what if there was a better way to outreach to delinquent accounts and collect overdue payments? Subscription Management Software

Is Your Price Right? Determining Pricing Strategy for Ecommerce

FastSpring

We’ll break down the pros and cons of monthly and annual subscriptions. The Annual Subscription Advantage. An annual subscription management strategy presents itself as a win-win for both companies and consumers. The Annual Subscription Disadvantage.

How Recurring Revenue Supports SaaS Companies

FastSpring

Since SaaS-friendly billing, also known as recurring billing , is designed specifically for companies who sell online services with a subscription model, it offers many advantages over a typical payment system. Could you provide a better customer experience by transitioning your desktop offering to a subscription-based web application? One of the biggest perks of a recurring revenue solution is the flexibility to offer your subscription customers a range of billing models.

How SaaS Companies Can Calculate (and Reduce) Their CAC Payback Period

FastSpring

The SaaS company has 25 customers, who are paying $25,000 each on a monthly subscription, and the company running with an 80% gross margin. Remember that the payment plans you offer your customers can influence the length of your CAC Payback Period dramatically.

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What You Need to Know About the PSD2 and Strong Customer Authentication

FastSpring

On September 14th, 2019 all payment providers who process payments for consumers in the European Union must adhere to new requirements for authenticating online payments as part of the second Payment Services Directive (PSD2). Online Payment Processing

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How to Avoid Frequent Recurring Billing Mistakes

FastSpring

But before you jump straight into implementing a subscription billing model, why not make the most of your time by educating your business on the most common recurring billing mistakes and avoiding them from the start by following these tips? Even if your company doesn’t send statements, a simple branded email sent prior to the recurring payment will be helpful in reminding your customer that they’ve set up a subscription for your digital product or service.