Why a Subscription Business Might Consider Outsourcing their Subscription Billing When launching a subscription product, one question merchants need to consider is how they’re going to solve for billing.
Why rules and regulations matter to subscription businesses In the subscription space, there are both state and federal laws as well as various network rules in place to protect consumers.
Throughout the COVID-19 pandemic, 96 million new subscriptions were created in the US. As people spend more time at home, streaming services and meal kit delivery subscriptions have seen a massive increase.
History of Rebar Technology and President Nick Fredrick Nick Fredrick, President of Rebar Technology, started his career at Affinion – a customer engagement company that processes over a billion transactions a year.
As the axiom states, astechnology evolves, so too does the consumer relationship. This phenomenon compounded with the fact that consumers have become hyper-conscious of their physical relationship with brands.
Reducing existing subscriber churn is as important as on-boarding new customers. Each new customer comes at a cost, and generally it’s much cheaper to keep existing customers than to onboard new ones.
Subscription businesses have been on the rise as traditional brick and mortar businesses look for different ways to reach their customers. Specifically, businesses that traditionally had no online presence.
The Traditional Build vs. Buy Dichotomy Historically, there have been two options for subscription-based businesses when it comes to setting up billing platform – build your own, or procure an off the shelf software solution from a vendor.