Subscription Management
Implement recurring billing logic using Stripe Subscriptions, including plan creation and customer subscription cycles.
Why Recurring Billing?
Welcome to subscription management! For many SaaS businesses, recurring revenue is crucial. It provides predictable income and helps foster long-term customer relationships.
Stripe Subscriptions make it easy to implement recurring billing without handling complex payment logic yourself, allowing you to focus on your product.
Products & Prices Revisited
Before creating a subscription, you need to define what customers are subscribing to. Stripe uses two key concepts that work together:
- Products: These represent the service or good you offer (e.g., "Basic Plan", "Premium AI Access").
- Prices: These define how much and how often you charge for a product (e.g., "$10/month", "$100/year").
A single product can have multiple prices, offering flexibility for different billing cycles or tiers.