Are you looking for information on Chargify pricing? Are you looking for a Chargify review? You’re either way, you’re here because this blog post will give you all the information you need. We’ll be looking at what Chargify offers and how much it charges to use its products.
This elastic billing system has a lot to offer. Let’s get started!
Chargify Features
Chargify divides its product into five different categories
- Billing
- Management of subscriptions
- Accounting
- Analytics
- Integrations
Let’s take a look at each of these individually…
Billing Management
Chargify allows you to test different recurring payments models if you manage recurring billing. This allows you to adjust and test your pricing strategy to best suit your customer’s needs.
Chargify is confident that they can help you with your billing needs. They even state on their website, “If you can think it, we will bill it.” Chargify is likely to help you bill your customer in whatever way you want.
These are the most popular Chargify billing structures:
- Freemium: Give away a giveaway to increase traffic and grow your list
- Trial: Provide users with a free or a paid trial. The trial can be as short or long as you like.
- Setup: A one-time setup fee is charged to the customer either when they sign up or after their trial period ends.
- Billing frequency: Bill customers weekly, monthly and quarterly. Or create your own custom billing period.
- One-time fees: Make a one-time payment at any moment.
- Fixed-price subscription billing Simply define the price of your product/service, as well as the frequency of billing. The billing software will take care of everything else!
- Use-based pricing: Customers only pay for the products and/or services they use.
- Quantity-based Customers are charged based on how many items they subscribe to, such as the number and types of user licenses purchased.
- Meter: Bill for units which reset to zero at billing end. Minutes used in a mobile phone contract are one example.
- You charge the same price per unit regardless of the quantity. The same price applies to all units purchased by a customer, regardless of how many they are.
- Volume-based pricing: You can create multiple price brackets, where the price per unit is determined by the number of units bought.
- You can also set multiple price brackets. In this case, pricing is determined on a range rather than per unit.
- Hybrid Pricing: This is where multiple billing models are combined to create a hybrid-style pricing system.
- Pay as You Go: This is self explanatory so we won’t go into too much detail!
- Invoicing This is self-explanatory.
- A La Carte Prices: You can sell a variety of products or services, and allow consumers to create “bundles” based upon their needs.
- Multi-frequency Pricing: You can link multiple subscriptions to customers to allow you to charge subscribers for different periods.
- Minimum and maximum pricing: This pricing structure is more complex and useful if you have to set a minimum/maximum price for your products/services.
- Custom pricing You can set the recurring charges that you bill each customer. This is ideal for non-profits.
- Split-amount Pricing: This allows you to set a cost or percentage to be paid upfront. After delivering the product/service, the customer will be responsible for the balance.
- Perpetual licensing pricing: First, you can make an upfront payment and then continue with the recurring “maintenance” and support costs.
Subscriber Management
Chargify allows you to manage and track your subscribers throughout their entire customer lifecycle. Your subscribers’ history builds over time. This includes renewals, pricing changes, promotional offers purchased, and chopping and switching between subscriptions. Chargify makes it easy to manage all this and more.
Chargify offers a central interface that allows you to keep track of all subscription activity. You can also access:
- Plan changes
- The billing history of your customer, current balances, renewal dates, and other details
- Coupons active
- Notes to the customer
You can also edit:
- Details about the customer and billing information
- Subscribe to the preferred subscription plan of your customer
- Component quantities
- Prices
- Balances of customers
You can also:
- Get discounts
- Refunds are possible
- Pay attention to external payments.
You also have full control over the sign-up process. Chargify has a few ways for you to sign your audience up for whatever you offer. You could start by using one of Chargify’s PCI-compliant signup page templates. These pages are responsive and will look great on any device. You can also indicate which credit cards your payment gateway accepts (PayPal or Stripe, Braintree Blue etc.). accepts. This simple gesture can help guide potential subscribers through sign-up.
Chargify’s API is also available if you are a programmer and want to create your own signup forms or shopping cart processes. You have the option!
Chargify allows you to offer customers self-service options without writing a single line code. This will make your life and that of your team easier. Subscribers can access a “Billing Portal” to upgrade or downgrade, review their billing history and manage all other account-related information.
Automated emails can be launched at various stages in the customer’s lifecycle. Chargify offers a variety of customizable templates that can be customized for the following topics:
- Welcome emails
- Notification to the customer that the trial has ended
- A renewal notice is coming soon
- A receipt after a transaction
- Notification that subscriber’s card is about to expire
These are just a few examples. But you get the idea.
Accounting
Chargify is proud of their real-time revenue recognition. This allows you to automate your reporting and streamline IFRS 15 and ASC 606 compliance. As you may know, international companies are required to report their revenue in accordance with the accounting standards. It is much easier to have reliable software that generates reliable revenue reports. They are calculated daily, not monthly to ensure accuracy and reliability.
Deferred revenue balance reports can be generated to show revenue you haven’t earned yet. This will give you an idea of your future obligations to deliver products or services. As it becomes income, your deferred revenue will decrease over time.
Chargify allows you to generate reports that show you every component of your product catalog. You can filter this data by product name to export your data for any period.
Analytics
You’ll be glad to know Chargify offers real-time, reliable analytics. You also have access to sophisticated reporting tools like offer-lever filtering. This functionality allows you to gain a better understanding about your customer adoption, retention, price elasticity, and so forth.
You’ll gain a better understanding of your monthly revenue recurring. Trends, customer base, and what is driving them. You can even pinpoint individual subscription movements, which will make it easier to optimize your business’s performance.
You can opt to receive an email summary of your revenue movements every day, if you wish.
Chargify’s reports are the best because you can see your core metrics at once, most notably:
- Churn count
- Period count at the beginning
- Gross MRR churn
- Net MRR churn
- Retention cohorts
This is also true for financial reporting. In just a few clicks you can get a detailed view of your financial reports.
- Total revenue
- Total billed (total revenue minus any applicable taxes)
- Payments (including expected, collected, and uncollected).
- Net Revenue = Total revenue less refunds for payments previously received
Chargify is able to encourage you to adopt a proactive approach to revenue monitoring and subscription changes. You can also create revenue alerts. This allows you to define income changes that trigger an in-app and real-time email notification. This makes it easier to monitor high-value transactions and potential churn risk.
Chargify automates sales commission calculations. This means that you can associate revenue with specific sales reps instantly to ensure your team receives the correct commission.
Integrations
Chargify has a lot of integrations that span many categories. We don’t have the time to list them all in this Chargify review. We’ll just highlight some of Chargify’s most popular add-ons.
- Authorize.net
- MailChimp
- Avalara
- Midigator
- NetSuite
- QuickBooks
- Salesforce
- Zendesk
Chargify Pricing
This is the section that you have all been waiting for: Chargify pricing.
Chargify has three pricing options: Scaling, Success, or Specialized. Let’s look at each one.
Scaling is the cheapest pricing plan for Chargify
Amonth of the first Chargify pricing program costs $299. It provides $ 50,000 in revenue permonth and 1.0% revenue on overages.
You can access the following:
- Features for managing subscribers
- Pricing models for subscriptions and usage
- Tracking account activity
- Automated sales tax
- Sign up pages hosted
The Success Plan
The Success package is $499 per month. This package includes $50,000 in revenue per month and 0.9% revenue on overages.
The Success plan includes everything from the Scaling bundle, and:
- Unlimitless Product Configurations
- Advanced MRR & Churn Analytics
- Try Paid Subscription Insights
- Marketing Campaign Attribution
- QuickBooks Online & Xero Integrations
The most expensive Chargify pricing plan: Specialized
This pricing package is the most comprehensive and expensive. To receive a custom quote, you will need to contact Chargify. Each ‘Specialized plan’ is customized to your company’s needs. However, we do know that you will get at least the following:
- Operation Revenue
- Predictive Forecasting
- Automated vendor commission and sales calculations
- Configuration of multi-layer accounts
- Integrations between SalesForce and Netsuite
Chargify Review: Chargify Customer Support
Chargify has a large self-help section. You can search their documentation page for the answers that you are looking for. There’s a good chance you’ll find them. The knowledgebase at Chargify is extensive.
Chargify’s customer support team is also available 24 hours a day. You can also call 800-401-2414 for phone support. Chargify users are a vibrant community. You can also network with entrepreneurs and other developers on the forums to get answers to your questions.
Review of Chargify: Dunning Management
Chargify automates customer payments in case of failed credit card transactions or direct debit payments. This handy feature is a great way to retain customers and increase revenue.
Chargify’s pros and cons
A quick list of pros and cons is all you need to determine Chargify’s suitability for your purposes. Let’s now take a closer look at the tool’s strengths and weaknesses.
The pros
- Chargify has a variety of billing structures and frequencies that you can choose from
- Support is available 24 hours a day via phone
- To create email funnels, basic email marketing is provided.
- Chargify was created specifically for B2B SaaS businesses.
- Chargify is reliable and stable with virtually no downtime.
- Chargify can be scaled to grow with your customer base
- Chargify’s dunning software automatically handles missed payments.
- It is easy to modify customer bills and customer information.
The Cons
- Chargify’s monthly subscription cost is high, so it is not affordable for small businesses with tight budgets. To make sure that it is worth the money, you will need to carefully consider its value.
- Chargify accounts can only be charged in one currency.
- Chargify’s reporting tools are not always what customers need and some customers had to look for other ways to measure their metrics.
- Chargify is not a great service for one-time fees.
Are you ready to start using Chargify?
If you are a SaaS business looking to manage your monthly subscriptions, Chargify is the right choice. Chargify may be the billing and payment management software you have been searching for. Chargify can be used by any size company, small or large, as long as you have the funds.
Consider Chargify’s pricing and all it offers. Do you think you will choose this billing system? Will you choose one of the other Chargify options, such as Chargebee or Recurly? Let us know your thoughts in the comments below. We’d love to hear from your thoughts!
