Scaling our products means giving our users flexible subscription options. With Stripe Billing, we quickly rolled out monthly pay-as-you-go options for ChatGPT and our API, respectively.
With billing, tax, reporting, and more on the same platform, Stripe automation helps eliminate inefficient processes as we scale the business. And that’s essential as we continue supporting Retool’s growth with a relatively small team.
Stripe Billing enabled us to launch our subscription product, eero Plus, on schedule and with billing fully integrated.
We implemented Stripe to introduce new billing and payment models and increased our trial conversion by 300%.
Charge for one-time purchases.
Charge a single price on a recurring basis.
Calculate billing based on product usage.
Charge different prices based on volume tiers.
Adjust billing with discounts and trials.
Bill daily, weekly, monthly or annually in advance or in arrears, and set custom future start dates.
For involuntary churn, we have found that Stripe Smart Retries have really worked for us. They’re built into Stripe Billing and use machine learning to retry cards at the optimal time. We’ve recovered millions of dollars in revenue that we would have otherwise lost – this is very substantial for us as a subscription business.