myBilling: Easy Setup for Recurring Payments

myBilling: Easy Setup for Recurring Payments

Overview: myBilling streamlines recurring billing by providing a quick onboarding flow, predefined subscription templates, and automated payment processing to get recurring revenue running with minimal setup.

Key Features

• Quick-start wizard: Guided steps to create products, plans, pricing, billing intervals, and trial periods.
• Prebuilt templates: Common subscription models (monthly, annual, tiered, usage-based) you can enable with one click.
• Automated invoices & charges: Scheduled invoice generation and automatic payment collection via integrated payment gateways.
• Proration & upgrades: Automatic proration when customers change plans mid-cycle and one-click upgrades/downgrades.
• Retry logic & dunning: Configurable retry attempts and customizable dunning email sequences for failed payments.
• Tax & compliance helpers: Built-in tax calculation for supported regions and tools for storing required billing documentation.
• Customer portal: Self-serve portal where customers update payment methods, view invoices, and cancel or pause subscriptions.
• Webhooks & integrations: Real-time webhooks and prebuilt integrations (CRM, accounting, analytics) for downstream systems.
• Reporting & insights: Dashboard for MRR, churn, LTV, and churn cohort analysis.

Typical setup steps (5 minutes, recommended defaults)

1. Create your account and connect a payment gateway (Stripe/PayPal).
2. Use the Quick-start wizard to add a product and select a monthly or annual plan.
3. Choose billing interval, trial length (default 14 days), and set proration policy (default: prorate).
4. Enable automated invoices and retry logic (3 attempts, 3-day interval).
5. Publish and share subscription links or embed checkout on your site.

Best practices

• Offer a short trial (7–14 days) to reduce friction.
• Start with 1–2 pricing tiers; add more once you see demand segmentation.
• Enable retries and clear dunning emails to recover failed payments.
• Monitor MRR and churn weekly; run experiments on pricing and trial length.

Limitations / considerations

• Ensure payment gateway availability in your target countries.
• Verify tax calculation coverage for specific jurisdictions.
• Custom billing logic (complex usage pricing) may require additional configuration or developer support.

If you want, I can draft the exact onboarding copy for the Quick-start wizard or generate sample webhook payloads for common events.