If you are in the SaaS game and you want to win your business game then payment & transaction management tools is a must for your subscription-based business.
One cannot manage his invoices, customer payments, alerts of transactions, one-time & recurring billings, subscription plan creation and much more without having technical knowledge.
Swiftly, Go Through Comparison Between Best Business Transaction Management Tools
| Services | Multiple Payment Gateways | Unlimited Revenue | Custom Domain | Dunning Emails |
| Pabbly Subscriptions | ✔ | ✔ | ✔ | ✔ |
| Invoicera | ✖ | ✖ | ✖ | ✖ |
| Cleverbridge | ✖ | ✖ | ✖ | ✖ |
| PayMotion | ✔ | ✖ | ✖ | ✖ |
| Subscription DNA | ✖ | ✖ | ✖ | ✖ |
So, do you want to do all such activities with a simple & handy transaction management tool without touching even a single line of code?
To solve your problem, I have collected 8 Best Transaction Management Tools along with their features and pricing that will help to automate all your billings and payments.
Check out for more related information-
Let’s take a deep dive into the details and find out which software suits your business.
1. Pabbly Subscriptions
Pabbly Subscriptions is a payment service provider and invoicing solution in the market that effectively handles all your one-time & recurring payments.
It is a comprehensive subscription management nonetheless a wholesome software in itself that offers a complete range of features like sending dunning emails, invoice billing, plans set up and all the flexibility that you might be looking for.
Moreover, Pabbly Subscriptions is fully manageable with mobile devices, so you don’t need to stick to your workstation all the time.
Characteristics
- Handling multiple customers is easy with Pabbly Subscriptions as customers’ records aren’t messed up but provided under its clear and simple dashboard so you easily navigate through them.
- Customized billing cycle lets you give more flexibility to your customers by offering them the desired billing period.
- Pabbly Subscriptions makes sure your every transaction is secure. With PCI compliance it keeps all the sensitive payment information safe at its end.
Pricing & Plans
Pabbly Subscriptions provides four pricing plans-
- Starters- For availing this plan you gotta pay $5 month. With this, you can collect one-time & recurring payment from 50 customers.
- Rookie– This plan will cost you $29 per month. Plus, you can collect unlimited revenue, one-time or recurring payments in more than 25 currencies.
- Pro– To acquire this plan, you need to spend $59 per month. And, you get access to features like client portal, multilingual checkout page, and a lot more.
- Advanced– With this plan, you can provide your clients a portal. Also, you get access to seamless features like custom domain, affiliate system and a lot more. All this, in just $99 per month.
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2. Cleverbridge
Cleverbridge automates all the complexities associated with subscription including billing scenarios, renewals, dunning, customer communication and many other aspects of subscription easily.
This software can be integrated with multiple data source for more accurate reports and analytics.
Characteristics
- It provides self-serve functionality through which your customers can upgrade/downgrade, change their billing details, update their personal information, access purchase history and much more.
- You can track and analyze key metrics such as recurring revenue monthly or annually, ARPC, ASP, renewal rate, cohort analysis, customer lifetime value and much more.
- This system supports multiple currencies, languages, and payment methods so that your customer can easily choose their preferred options.
Pricing & Plans
Reach out to Cleverbridge sale team for more details on pricing packages for your business.
3. PayMotion
Paymotion is an amazing billing management software which comes with all the basics features that you need to process online payment and provides real-time data that will help you to understand your business performance.
Characteristics
- PayMotion’s cart automatically recognizes the location and browser of international customers and display your cart in their local language, currency, and relevant payment method.
- With the help of this software, you can create coupons for your customers and it will redeem in the checkout process.
- PayMotion’s customer support team able to handle your customer’s billing inquiries in 14 different languages through email or toll-free number.
Pricing & Plans
You can contact PayMotion sales team for details on pricing packages.
4. Subscription DNA
Subscription DNA is a flexible, dynamic and powerful cloud-based subscription billing platform by which you can automate recurring billing, invoicing, subscription management and much much more. By using this software, you can not only save your precious time but also saves money by knowing your business insights easily & reducing the churn.
Characteristics
- Subscription DNA’s automated payment system supports multiple payment methods such as credit cards, cash, check, PayPal etc, so your customer can easily choose their convenient payment method.
- This software automatically sends a notification to your customer about every successful and unsuccessful payment transaction.
- With the help of a customer portal, your customer can manage their own subscription, account profile, payment method, access transaction history, update their personal information and more.
Pricing & Plans
Reach out Subscription DNA sales team for details on pricing packages for your business.
5. FastSpring
FastSpring is perfect recurring billing and membership management platform for any kind of business such as small, medium and large who wants to automate their recurring payment and subscription.
Characteristics
- FastSpring’s dunning management feature not only handle all delinquent accounts but also notify your customer when their subscription payment fails.
- It accepts all major payment methods such as credit cards, PayPal, bank transfer, checks and more.
- This software simplifies your entire payment processing by providing options like multi-currency support, international tax collection & management, refund management and more.
Pricing & Plans
- Pay As You Grow:- This plan will charge 5.9% of the revenue + 95 cents per transaction.
For example:- If your business generate $2000 in a month and there is a total of 20 transactions took place so for this calculation will be-
5.9% of $2000 + 95 cents of 20 transaction i.e.
$118 + 1900 cents ($19) = $137
so you would be charged $137 for a month.
- Business Plan:- This plan will charge you $199 per month plus and additional charges per transaction will be added to the base price.
- Enterprise Plan:- Enterprise plan is a custom plan which is customized according to your business requirement. For the custom plan, you have to contact them.
6. ChargeOver
ChargeOver is a magnificent subscription billing platform which gives everything that you require to manage your subscription-based business. This transaction management tool handles both the one-time payment and recurring payment.
Characteristics
- It provides real-time visibility into key metrics such as net revenue, MRR, ARR, churns, lifetime values, customer averages and more, so you can understand your business performance.
- Automatically generates accurate and unambiguous invoices and send it to your customers after every transaction.
- In just a few seconds, you can create an unlimited number of plans with custom billing method.
Pricing & Plans
ChargeOver provides plans on the basis of your customers and all these plans come with 14 days free trial.
- Starter Plan:– Starter plan costs $65/month in which you can manage up to 50 active customers.
- Basic Plan:- In the basic plan, you can manage up to 150 customers and it will charge you $115 per month.
- Professional Plan:- Professional plan allows you to manage up to 500 active customers in a month and it would be charged $229 per month.
- Commercial Plan:- If you have more than 500 active customers, then you need to contact ChargeOver sale team for pricing details.
7. Invoicera
Invoicera is a wondrous online subscription billing software which comes with a range of features to manage a subscription based business effectively and efficiently. This software is designed to improve customer billing and revenue management and also manage all your buyers and vendors from a single dashboard.
Characteristics
- By using this software, you can send bills to your customers on a periodic basis such as daily, weekly, monthly, annually etc.
- You can hide and add multiple additional fields in your invoice templates according to your business layout.
- It provides you with key metrics such as MRR, ARR, net revenue, deferred revenue, churn etc that will help you to understand your business health.
Pricing & Plans
Starter edition:- In starter edition, you can manage 3 active customers and it has no cost.
Pro edition:- Pro edition charged you 2499 rupees per year and you can manage unlimited active customers in this plan.
8. Chargify
Chargify is top class recurring billing and subscription management software which handle all the complication of recurring payment and automate entire subscription lifecycle events. This software can be integrated with Stripe, Authorize.Net, and Braintree.
Characteristics
- With the help of this software, you can control billing frequencies, upgrades/downgrades, types of billing, product expiry and much more.
- Get a deep insight into the performance of your business throughout a variety of reports.
- Through this software, you can see revenue, subscription, sign-ups, renewals and much more on a single dashboard.
Pricing & Plans
Chargify has various pricing plans namely Essential, Advanced & Enterprise.
- Essential Plan:– This plan offers you 30 days free trial and when you subscribed to its paid plan. The Essential plan would charge you $149 in a month plus 1.2% of the revenue generated.
For example:-
Suppose you have generated $10,000 revenue in a month
then,
Base price ( $149) + 1.2% of the 10,000
$149 + $120 = $269
So you have to pay $269 for the essential plan.
- Advanced Plan:- Under this plan, you would be charged $299 per month plus 1.2% of the revenue you collected for that month. And, it also offers you 30 days free trial.
- Enterprise Plan:- For enterprise plan, you have to contact Chargify sales vendor.
9. Rebilly
Rebilly is an effective billing management platform which ensures that your one-time and recurring payments take place on time. Plus, you can send invoices to your customers after each and every transaction.
Characteristics
- This system supports multiple payment methods such as credit/debit card, cash, check, Wire, Bitcoin, and Barter.
- This subscription management software allows you to manage multiple merchant accounts from hundreds to thousands at one place.
- Rebilly supports multiple currencies, so you can configure plan pricing and charge your customers in any currency.
Pricing & Plans
Pioneer Plan:- Under this plan, you can manage $1000 revenue in a month and it has no cost.
Entrepreneur Plan:- In this plan, you can easily manage a $50,000 revenue in a month. And it will cost you $149/month plus $0.10 per transaction fee.
Executive Plan:- The executive plan would be charged $1497 per month with $0.10 per transaction fee. Plus, you can manage $150,000 revenue in a month.
Enterprise:-If your business revenue is more than $150,000 then the enterprise plan is perfect for your business. It cost starts from $3000/month.
Conclusion:-
I hope that the blog would have been useful to you. All the transaction management tools have mentioned above are perfectly capable to manage entire subscription lifecycle. Also, provides you with all the information that you require to understand your business health.
Choose one subscription management software among 8 Best Transaction Management Software which perfectly suits for your organization.
For more information related to transaction management tools, you can go through these blogs:-
- Top Recurring Billing Management Software
- Cheap Subscription Management Platform
- Subscription Management Services
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