Hybrid Billing|Hybrid Billing Solutions
Supporting Hybrid Billing with EarnBill BRM System
EarnBill is a flexible billing system catering to hybrid billing requirements from companies that come up with innovative pricing plans to attract more customers and retain the existing ones. EarnBill’s flexible Product Catalogue allows for setting up of pricing plans that can combine subscription fees, free usage quotas, overage charges and pay as you go rates for usage consumption fees.
This combined hybrid model of billing is essential for businesses to offer flexible pricing plans which can compete well in the market by providing a ‘Value for Money’ proposition to the end customers.
What is Hybrid Billing?
Hybrid Billing means charging the customers with a mix of different pricing strategies and pricing models. A service provider would opt for Hybrid billing when they want to offer innovative pricing which ensures that the customers are charged on a fair basis, yet the business does not lose out on the revenue.
Hybrid billing strives hard to foster a win-win situation for the service provider and the service consumer.
In Hybrid Billing, a service provider may offer a 2-in-1 plan in which the prepaid and postpaid services could be combined together to the advantage of the customers. For example, while the subscription plan can be a post paid plan, the add-on packages could be allowed to be pre-purchased and used in a prepaid manner.
Hybrid Billing Plan – Example
A business communications company could offer a hybrid billing package to its B2B customers:
Plan name: $99 monthly gold plan
This Includes:
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- $99 monthly subscription fees (charged prepaid)
- 1 toll free number
- The usage consumption charges are accumulated for every month and applied as postpaid charges.
- Live Reception Service with an active agent for 200 mins (Inbound Calls)
- SMS quota for 200 SMS text messages
- Any additional inbound call minutes are charged at $0.50/minute (overage rate).
- Any additional SMS text message will be charged at $0.25 per SMS (overage rate).
- The customer may pay $25 for a prepaid add-on package. This includes 200 SMS text messages.
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