A Rate Card Builder is a core feature in subscription management SaaS applications, designed to facilitate the creation, management, and customization of pricing structures for subscription services. It allows businesses to define various rate plans and pricing models that cater to different customer needs, markets, and payment preferences.
Key Features of a Rate Card Builder
- Support for Multiple Rate Plans
Flexibility: Create tiered, flat, volume-based, or usage-based rate plans.
Rate Plan Types:
- Basic Plans: Fixed pricing per billing cycle.
- Tiered Pricing: Different price rates for specific usage thresholds.
- Per Unit Pricing: Charge based on the number of units consumed.
- Multi-Currency Support
- Allow defining prices in various currencies (e.g., USD, EUR, INR) for global markets.
- Automatically update exchange rates or offer fixed pricing for certain regions.
- Billing Periods Define billing frequencies, such as:
- Monthly
- Quarterly
- Annually
Include support for custom billing cycles (e.g., every 6 months).
- Add-ons and Additional Charges
- Enable optional features or products to be added to a subscription.
- Charge one-time setup fees, overage fees, or additional usage costs.
- Discounts and Promotions Configure coupons, discounts, and promotional offers for specific plans.
Apply percentage or flat-rate discounts and set expiration dates or usage limits.
- Trial and Grace Periods Define trial periods for new customers.
Set grace periods after subscription expiration to retain customers.
- Custom Pricing Allow tailored pricing for enterprise or B2B customers with unique needs.
Include negotiable pricing tiers for specific clients.
- Rate Change Scheduling Plan and implement future pricing changes without manual intervention.
Notify customers of upcoming rate changes automatically.
- Localization Customize pricing and billing terms based on the customer's region (e.g., currency, taxes, language).