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What is Stripe Billing?

Stripe Billing provides a streamlined approach for businesses to effectively handle customer subscriptions and invoices. This platform not only helps in maximizing revenue opportunities but also supports innovative products and business models while facilitating recurring payments on a global level. Users can quickly start processing both one-time and subscription payments through multiple methods, including credit cards and ACH transfers. You can test and make adjustments using our API or directly from the Dashboard, which ensures flexibility in managing your billing strategies. The system enables various billing configurations that cater to different pricing models, from charges based on the number of seats to metered billing, all readily accessible. Its built-in features support coupons, free trials, prorations, add-ons, and overages, significantly enhancing billing capabilities for businesses. To help reduce customer churn, Stripe Billing integrates intelligent retries, automated alerts for failed payments, and an automatic card updater, which led to a notable recovery of 38% of failed payments for businesses utilizing the service in 2021. Additionally, it includes automated reporting and revenue recognition tools that allow businesses to keep track of growth, churn rates, and overall financial health. The platform also seamlessly integrates billing and payment data with existing workflows, thereby providing a smooth operational experience. With all these combined features, Stripe Billing emerges as a robust and comprehensive solution for businesses aiming to simplify and optimize their billing processes while keeping a close eye on their financial metrics. As a result, companies can focus more on growth and customer engagement rather than the complexities of billing management.

What is Lago?

Lago offers a versatile range of both self-hosted and cloud solutions designed with a scalable and modular architecture that supports metering and usage-based billing at every stage of a business's development. Its robust infrastructure can handle up to 15,000 billing events per second, providing a solid foundation for creating a dynamic pricing model that evolves with your business. Lago supports various pricing structures, allowing for the rapid implementation of pay-as-you-go and hybrid plans through its intuitive interface or API. In addition, the platform features discount coupons that enhance marketing efforts and can lead to increased customer conversions. You can also issue one-time charges that are billed immediately, which adds a layer of convenience. Lago automates the calculation of amounts owed by customers and generates invoices based on your specific plan configurations. Moreover, it supports recurring revenue streams for pay-as-you-go pricing through its real-time prepaid credit features, making it an essential tool for businesses globally. With its extensive capabilities and adaptability, Lago stands out as a preferred billing solution across a wide array of industries, ensuring that companies can efficiently manage their billing processes. Ultimately, Lago empowers businesses to streamline their financial operations while fostering growth and innovation.