Digital Marketing

Best Recurring Billing Software for 2024 – Free and Paid

Looking for the best recurring billing software out there?

Your pursuit ends here.

Businesses like yours use recurring billing software to send out recurring invoices to their customers automatically on a regular schedule, such as monthly or annually.

Here, a recurring invoice is one that is sent out on a regular basis to either a customer for the same purchase or to a customer on a certain date.

We’ve listed the best recurring billing software for solopreneurs, small to mid-scale businesses and large enterprises in this listicle.

How We Choose the Best Recurring Billing Software

  • Capabilities: The best recurring billing software should have all the features required, such as invoice management, automation, reporting, the ability to pause subscriptions, customization, and compliance.
  • Supported Payment Methods: We look at whether the recurring billing software supports popular payment methods, such as debit cards, bank transfer, digital wallets, and credit cards.
  • Price: We have listed the best recurring billing software keeping in mind the price points expected by solopreneurs, small businesses, and large B2B companies. You can find software that has a free forever plan, tools with affordable plans, and ones with advanced features that meet the complex needs of global businesses.
  • Reviews: Testimonials from customers is yet another key consideration in listing the best recurring billing software. We have looked at popular review sites to understand what clients have to say about the tool’ capabilities.
  • Reporting and Analytics: Another key feature we have considered is whether the recurring billing software offers in-depth billing analytics and subscription metrics. We have given top priority to tools that also offer interactive dashboards and customizable reports.
  • Security: A key factor we have looked at is whether the recurring billing software is equipped with payment and transaction security that is vital to protect their clients’ data from cyber threats such as hacking, data breaches, and identity theft.

Best Recurring Billing Software for Solopreneurs and Businesses of Every Scale

The Following are the best recurring billing software for Solopreneurs, small to mid-scale businesses, and enterprises.

1. Wave

Image via Wave

Wave is among the best recurring billing software. This subscription billing platform offers all the billing automation features for free.

The recurring billing software includes invoicing, accounting, and receipt scanning. You might wonder, if this is the case, how does the platform make money?

Wave makes money by charging a 2.9% plus $0.30 fee for processing most credit cards and a 1% fee for bank payments to use its subscription management solution. This service allows businesses to invoice clients via the internet efficiently.

Wave's recurring billing software allows you to switch between automatic and manual billing and send customized recurring invoices at any frequency.

You can choose your preferred payment method and automatically send invoices to multiple recipients.

While Wave may not be suitable for large-revenue enterprises, it’s the best recurring billing software for start-ups and solopreneurs.

Key Features

  • Supports invoice creation and sharing
  • Recurring bills sync with accounting platform
  • Centralized dashboard
  • Payment and communication tracking
  • Instant notifications
  • Accepts online payments via credit card, secure bank payment (ACH/EFT), or Apple Pay.
  • Personalized invoices
  • Global payments support
  • Wide variety of invoice templates

Pros

  • Free software access (no trials, subscriptions, or hidden fees)
  • Can process credit card payments to smoothen invoicing process
  • Offers an accounting management suite for free
  • Helps manage subscriptions

Cons

  • Credit cards and bank payment transactions carry a 1% charge

Pricing

Like other best recurring billing software in this list, Wave offers several plans:

  • Starter Plan: $0
  • Pro Plan: $16/month

Image via Wave

Tool Level

  • Beginner to intermediate

Usability

  • Easy to use

Pro Tip: Using Wave mobile app, you can share invoices with your clients through several mediums, including your preferred SMS messaging and email services.

2. Bill.com

Image via Bill.com

With Bill.com, small businesses and solopreneurs can manage accounts payables by sending domestic and international payments to suppliers apart from storing statements, checks, and receipts.

Being one of the best recurring billing software, Bill.com does more than simply send invoices. Businesses can utilize this recurring billing software to send automated bills and remind customers of payments.

As a result, they’ll receive payments more quickly and easily.

Additionally, Bill.com facilitates contact management and direct payments via ACH, credit card, or PayPal among other modes, making it one of the best recurring software for solopreneurs and small businesses.

Your small business accounting software can be synced with Bill.com invoicing software, making the process of balancing your bank accounts easier. You can also utilize the chart of accounts to personalize your invoices.

Considering the advanced functionalities, Bill.com is one of the best recurring billing software for small businesses that want to automate their accounts receivable and payable processes.

Key Features

  • Powered by machine learning
  • Recurring invoices
  • Customizable templates
  • Accounts receivable and payable support
  • Auto-charge and auto-pay
  • Automated payment reminders
  • Invoice status tracking
  • Automatic sync and reconciliation
  • Two-way data integration with accounting platform

Pros

  • Diverse pricing plans for every small business need
  • Gathers invoices from email
  • Converts physical invoices into digital formats
  • Makes team collaboration easy

Cons

  • Non-customizable reports
  • Not able to link to underlying data
  • Doesn’t offer a free trial

Pricing

  • Essentials: $45 user/month
  • Team: $55 user/month
  • Corporate: $79 user/month
  • Enterprise: Custom

Image via Bill.com

Tool Level

  • Intermediate to Advanced

Usability

  • Can be complex for beginners

Pro Tip: If your clients have any technical issues with ACH payments or Bill.com service, you can simply direct them to Bill.com customer support.

3. Zoho Billing

Image via Zoho Billing

Zoho Billing is the best recurring billing software for solopreneurs and small businesses because it provides a cost-free alternative that is ideal for those seeking a simple and economical solution.

Zoho gives you a wide variety of options for billing, starting with customized billing periods, prorated billing, and automated billing.

You may also use Zoho Billing's subscription management services to develop items, plans, and add-ons and maintain your customers' subscriptions from start to finish.

Zoho Billing supports multiple currencies, global payment methods, and ACH payments, which makes it the best recurring billing software for solopreneurs and businesses who work with international clients.

The subscription billing software also offers a variety of integrations and add-ons that allow you to manage every aspect of your subscription business.

Zoho apps, cloud integrators, G Suite, payment gateways, and CMS are just a few of the integrations and add-ons options this recurring invoice software offers.

Key Features

  • Recurring billing support
  • Subscription management and billing
  • Developer APIs for integration
  • Dunning management
  • Usage-based metered billing
  • Hosted payment pages
  • Customizable invoices
  • Supports multiple currencies
  • Sales tax compliance

Pros

  • Forever free plan that supports up to 20 subscriptions
  • Allows users to organize and group subscriptions
  • Easy to manage customer database
  • Zoho Billing can seamlessly integrate with other Zoho products

Cons

  • Works flawlessly only with Zoho ecosystem
  • No notifications for failed payments
  • Sometimes buggy

Pricing

  • Standard: $20/month
  • Professional: $50/month
  • Premium: $100/month
  • Custom pricing

Image via Zoho

Tool Level

  • Beginner to Intermediate

Usability

  • Easy to use

Pro Tip: This recurring billing software seamlessly integrates with Zoho ecosystem, making it one of the best software for mid-scale businesses and enterprises.

4. Younium

Image via Younium

Younium is among the best recurring billing software that helps companies manage their complete subscription lifecycle, including milestone capabilities, chargeback tracking, credit notes, segmented journals, and more.

What makes it unique is that it's specifically tailored for B2B firms, providing CRM, service desk, and financial systems integration all in one hub. Its tools and features boost productivity as all subscriptions and bills are managed from one place.

This recurring billing software provides a simple, clean user interface that is best for businesses transitioning to a SaaS subscription model from traditional software.

Younium enables businesses to produce journals with segmentation and obtain transaction information, including customer name, charge type, and product class, among other things.

Additionally, Younium supports subscription metrics which can be discovered via journal summary reports, financial account analyses, and custom report builders.

Lastly, it integrates with Zapier, NetSuite, Microsoft Dynamics 365, Salesforce, and other third-party programs.

Key Features

  • Recurring billing with multi-period support
  • Third-party integrations
  • Data import and export
  • Multi-currency billing support
  • Deferred billing
  • Subscription billing
  • Billing automation
  • Bank and credit card reconciliation
  • Advanced reporting insights

Pros

  • Designed specifically for B2B subscription management
  • Easy to use
  • Quality support service
  • Provides a holistic finance solution instead of just billing management

Cons

  • Difficult to implement in an existing business setup
  • Pricing isn’t transparent

Pricing

  • Available on demand

Tool Level

  • Beginner to Advance

Usability

  • Easy to use, which makes it one of the best recurring billing software for beginners

Pro Tip: Younium helps you manage complete customer lifecycle via subscription management, billing, financials, and insights.

5. Salesforce CPQ

Image via Salesforce

Salesforce CPQ is one of the products offered by Salesforce, the well-known customer relationship management (CRM) platform.

Hosted in Salesforce’s Sales Cloud, a cloud-based platform that is designed for businesses to manage their sales, Salesforce CPQ is dedicated to making the management of recurring billing easy.

The suite of products and services offered by Salesforce include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Community Cloud, and Analytics Cloud.

CPQ stands for “Configure, Price, Quote” and is one of the best recurring billing software that automates the billing process to help businesses save time, money, and other hassles.

Of course, Salesforce CPQ, as expected, also lets users generate accurate sales quotes, set custom pricing, and manage contracts.

The recurring billing software allows you to manage invoicing in addition to different types of transactions and offers, including freemiums, free trials, renewals, and refunds.

Needless to say, it is one of the best recurring billing software for those already using Salesforce’s suite of tools, such as sales and marketing software.

Key Features

  • Recurring billing
  • Billing automation
  • Custom billing terms, such as annual, monthly, or quarterly
  • Subscription billing
  • Automated calculations for upgrades and downgrades
  • Manage discounts, refunds, and rewards
  • Integrated invoice, quoting, and order management

Pros

  • User-friendly interface
  • Integrates seamlessly with Salesforce sales, marketing, and CRM tools
  • Offers 360-degree revenue management solutions including invoicing, order, and quote management
  • In-depth analytics

Cons

  • Customization options are limited
  • Can be expensive for small businesses

Pricing

  • CPQ: $75
  • CPQ +: $150
  • CPQ & Billing Growth: Custom
  • CPQ + Billing Plus: Custom

Image via Salesforce

Tool Level

  • Beginner to Advanced

Usability

  • One of the best recurring billing software based on its ease of use.

Pro Tip: Integrate CPQ with your existing CRM to maximize revenue and boost billing efficiency.

6. QuickBooks Payments

Image via QuickBooks

QuickBooks is accounting platform that includes QuickBooks Payments in its suite.

Using QuickBooks Payments, QuickBooks users can accept credit and debit card payments, ACH transfers, in person and mobile payments. This makes it a strong contender for the title of best recurring billing software for businesses already using QuickBooks.

In addition to processing recurring payments, the platform offers billing, next-day deposits, and analytics reporting. This combo makes it the best recurring billing software for businesses looking for accounting software.

Unlike most other recurring billing software in this article, QuickBooks can add correct sales tax information to bills based on the location of the purchase.

This is particularly helpful if you operate in multiple jurisdictions, such as cities or states, where certain goods are taxed.

Also, users can use QuickBooks to keep track of the sales tax they've collected, making it easier to prepare their sales tax returns.

Because the recurring billing system allows you to invoice as many clients as needed, you may send recurring invoices as often as you like.

Key Features

  • Recurring billing support
  • Mobile app with receipt capture support
  • Sales tax center
  • Progress invoicing
  • Next-day deposits via credit cards
  • Supports ACH and eChecks
  • Contactless and in-person payment support
  • Bookkeeping automation
  • Invoice tracking
  • Cash in-flow forecasting
  • Integration with BigCommerce, Shopify, and other web stores
  • Real-time alerts
  • Bank reconciliation

Pros

  • Offers an accounting management suite
  • Recurring billing feature is available with starting plans
  • Supports an unlimited number of clients and invoices
  • Class and location tracking available with advanced plans

Cons

  • Transaction fee is costlier than other recurring billing software
  • Doesn’t support international currencies
  • Only suitable for QuickBooks users

Pricing

  • Simple Start: $30/month
  • Essentials: $60/month
  • Plus: $90/month
  • Advanced: $200/month

Image via QuickBooks Payments

Tool Level

  • Intermediate to Advanced

Usability

  • Someone who previously has used an accounting and recurring billing software will find it easy to use.

Pro Tip: If you have a fixed amount to be billed at a specific period, you can simply set the “Automate Transaction Entry” feature and it’ll reflect in your books.

7. FreshBooks

Image via FreshBooks

FreshBooks is an easy-to-use accounting and bookkeeping software known for its recurring bill generation capabilities that make accounting simple and effortless.

Setting up and sending invoices is simple with FreshBooks. This is why it is one of the best recurring billing software for small businesses.

With this software, you can create recurring invoices, schedule automatic payment reminders, and accept credit or debit card payments online for your invoices.

FreshBooks automatically records billable hours and expenses, which makes adding them to invoices a breeze.

We named it among the best recurring billing software because it combines professional-looking invoices with a full bookkeeping system.

With its user-friendly interface, creating a recurring invoice is simple, while the additional sales forms allow you to customize your interactions with clients.

FreshBooks is the best option for solopreneurs and independent contractors who desire an efficient solution to automate billing for their clients.

Key Features

  • Automatically records billable hours and expenses
  • Outstanding invoice tracking
  • Accepts credit cards and ACH
  • Recurring invoice reminder
  • Allows users to add tracked time and expenses
  • Cash in-flow forecasting
  • Enables offering discounts
  • Automatic tax calculation
  • Multiple currency support
  • Real-time alerts
  • Mobile app support

Pros

  • Customizable invoicing payment terms
  • Offers an accounting management suite
  • All plans include unlimited invoices
  • Less expensive than other recurring billing software

Cons

  • Recurring billing feature isn’t available with starting plans
  • Lite plan only supports five billable clients
  • No free trial

Pricing

  • Lite: $19/month
  • Plus: $33/month
  • Premium: $60/month
  • Custom Pricing: on demand

Image via FreshBooks

Tool Level

  • Beginner to Intermediate

Usability

  • One of the best recurring building software for solopreneurs and small businesses due to its low pricing and ease of use

Pro Tip: You can schedule one-time invoices in advance by setting the “How Many” field to “1.” Use the free PDF invoice templates to create and send invoices to your clients in minutes. Freshbooks Invoicing is easy to use, customizable, and the best part, automated to make your payment process quicker and easier.

8. Invoicera

Image via Invoicera

Invoicera's strongest function is invoice automation. Its slogan, ‘invoicing simplified,' is evident in its capacity to automate invoicing, subscriptions, and payments.

Considered one of the best recurring billing software, Invoicera enables you to customize templates and accept online payments directly from the invoices. You can also activate invoice approval workflow and invoice PDF protection.

Additionally, it allows you to manage multiple invoices simultaneously. Moreover, it automates several business processes and communications through project management, expense management, staff management, time tracking, and more.

However, you must integrate Invoicera with a bookkeeping system if you wish to get financial statements since it is a standalone recurring billing software.

Hence, Invoicera is the best recurring billing software for solopreneurs, service providers, and small businesses. It's ideal for simple recurring billing software without advanced bookkeeping functionalities.

Key Features

  • Time tracking
  • Expense management
  • Automatic billing
  • Multi-business support
  • Integrates with existing IT setup
  • Can be hosted in-house
  • Custom workflow management
  • Custom invoice templates
  • Layers security
  • Facilitates payments
  • Various invoice reports
  • Real-time invoice status
  • Automated invoice scheduling
  • Multi-currency support for international invoicing

Pros

  • Whitelabled for your business
  • Invoice approval process to create accurate invoices
  • Offers a forever free plan
  • On the go invoicing
  • Doesn’t overwhelm users with unnecessary features

Cons

  • Can’t replace an accounting solution
  • Not suitable for businesses with 1,000+ customers
  • Free plan only supports up to 3 customers

Pricing

  • Starter: $19/month
  • Business: $49/month
  • Enterprise: $99/month
  • Infinite: $149/month

Image via Invoicera

Tool Level

  • Beginner to Intermediate

Usability

Pro Tip: Set an automatic reminder to remind clients of payments at first every week and then every day. This can save time if you don't have the bandwidth to make repeated calls.

9. Chargebee

Image via Chargebee

Chargebee is among the best recurring billing software solutions because it offers a wide range of features and customizations to its customers.

The platform is quite easy to use, and with free and paid plans, it's accessible to all businesses, regardless of size.

With Chargebee, you also have access to different billing scenarios which can come in quite handy, especially if you are thinking of automating your billing process.

The platform can even seamlessly integrate with your tech stack, becoming the heart of your billing operations.

The platform gives you the flexibility to pick the billing system that suits your business needs and works best for your business model.

The customer portal feature makes it easy for your clients to make changes to their account information and subscriptions.

Key Features

  • Subscription lifecycle management
  • Third-party integrations
  • Supports over 100 currencies
  • Tax profiles and reports
  • Email management tools
  • Subscription billing
  • Billing automation
  • Trial management
  • Credit notes

Pros

  • User-friendly API
  • Easy access since it is cloud-based
  • Intuitive interface
  • Impressive automation features

Cons

  • Paid plans are pricey
  • No option to export multiple invoices at once

Pricing

  • Starter: Free
  • Performance: $599/month
  • Enterprise: Contact the sales team

Image via Chargebee

Tool Level

  • Beginner to Advanced

Usability

  • Easy to use, which makes it one of the best recurring billing software for beginners

Pro Tip: Leverage the Chargebee API to add greater functionality to your platform

10. Recurly

Image via Recurly

Recurly is a subscription management platform that specializes in providing results to companies around the world.

The Revenue Optimization Engine of Recurly helps businesses maximize revenue and maintains billing continuity. Additionally, Recurly's machine learning technology can help your subscription business minimize churn and maximize revenue.

For these reasons, we chose to include Recurly in this list of best recurring billing software for mid-large scale enterprises.

Especially if you need subscription billing flexibility, Recurly is for you. It can help you create and manage any subscription arrangement you desire, including fixed recurring, quantity or usage-based, one-time fees, and hybrid options.

Also, you can accept payments from over 20 different payment gateways, which helps you work with international customers.

Recurly offers a plethora of global payment options, including credit cards, ACH, invoicing, PayPal, Apple Pay, and Amazon Payments.

Given its pricing, Recurly is among the best recurring billing software for small-mid scale businesses.

Key Features

  • Automated recurring billing
  • Global sales tax management
  • Invoice personalization
  • Integration with ERPs and CRMs
  • Revenue recognition
  • Invoice flexibility for different scenarios
  • Intelligent retention
  • Data analytics
  • Subscription management
  • Subscription renewal reminders

Pros

  • No free version
  • Lacks transparent pricing
  • Handles 1:1 and 1:many accounts on subscription set up
  • Reliable customer support
  • Analysis of subscriber retention and other metrics

Cons

  • No option to edit the quantity, pricing, and charge description after the invoice has been created
  • Lacks options for disabling “session timeout”
  • No option for a single payment invoice that details all the past due invoices

Pricing

  • Starter: $0
  • Professional: Price available on-demand
  • Elite: price available on demand

Image via Recurly

Tool Level

  • Intermediate to Advanced

Usability

  • Takes time to get acquainted

Pro Tip: Recurly allows your customers to pause their subscription billing from time to time.

11. Invoice Home

Image via Invoice Home

Invoice Home is among the best recurring billing software that provides professionally designed cost estimates, proposals, invoices, receipts, and purchase order templates.

This recurring billing software offers free as well as low-priced paid plans, which are best for solopreneurs and small to mid-sized businesses.

There are hundreds of invoice templates offered by Invoice Home that are absolutely free. Users may customize these templates and add their company's logo to the top of the template.

Invoice Home also enables your customers to pay through payment processors like Stripe, PayPal, and Authorize.net by clicking on a payment gateway link in the invoice.

Furthermore, the templates are mobile-friendly, so you may create and send invoices from the mobile app itself.

The simplicity of Invoice Home is another reason why it's among the best recurring billing software. Also, the extra features like invoice and payment tracking can be used by a beginner.

Key Features

  • Customizable invoices
  • Supports multiple currencies
  • Project billing option
  • Tax support
  • Integration with payment gateways
  • Unlimited storage
  • Downloadable archives
  • Invoices via emails

Pros

  • Straightforward work-flow and intuitive design
  • Easily create a new invoice by cloning existing ones
  • Wide range of professionally-designed invoice templates
  • Great customer service
  • Saves all invoices in one place

Cons

  • Doesn’t support minor changes like keeping the date option blank etc.
  • Users can’t edit the invoices once they’re sent

Pricing

  • Available on-demand

Tool Level

  • Beginner

Usability

  • Easy to use

Pro Tip: It’s better to include invoice numbers to each invoice so you can keep track of the number of invoices you’ve sent in a given period.

12. Zuora Billing

Image via Zuora

We selected Zuora Billing as one of the best recurring billing software for large-revenue enterprises because of its sophisticated features that can power high-revenue companies.

Zuora allows its customers to pick out a set of features rather than buying one package. It provides a cloud-based software that can help companies establish, manage, and optimize subscription billing.

In fact, Zuora Billing powers some of the world's largest companies, including Zoom, Toyota, CAT, and NBC Universal.

Zuora supports over 50 billing charge models and 180 currencies. It also captures orders across all sales channels and adjusts to every transformation in the subscription life cycle, including upgrades, downgrades, suspends, and more.

Zuora can monetize even the most complex billing requirements at high volumes. It’s also the best recurring billing software for international companies, with 15 payment options and 30 payment gateways.

Key Features

  • Product catalog
  • Billing and A/R settlements
  • International payment processing via ACH and credit cards
  • Salesforce integration
  • Seamless integration with enterprise-level software
  • Revenue recognition
  • Billing rate management
  • Multi-currency support
  • Refund management
  • Usage-based pricing support
  • Multiple payment methods

Pros

  • Flexible packaging, making it hyper-personalizable
  • Scalable
  • Can be coupled with the holistic subscription management suite
  • Rich marketplace

Cons

  • Pricing not transparent
  • Can be overwhelming for beginners

Pricing

  • Available on-demand

Tool Level

  • Advanced

Usability

  • Have a steep learning curve, therefore, ideal for those who have used a recurring billing software previously

Pro Tip: Although Zuora Billing has a plethora of useful features, it’s pricey. Hence, it's the best recurring billing software for enterprises.

13. Scoro

Image via Scoro

Scoro is an all-in-one work management platform for small businesses and consultancies around the world, making it among the best recurring billing software. It allows you to manage your entire workflow from the initial greeting to the final bill.

The software provides a comprehensive set of project management, CRM, billing, and reporting services all in one place, allowing you to optimize work, automate routine processes, and keep your business running smoothly and efficiently.

This recurring billing software connects with dozens of tools you might already know and love, such as Zapier, Google Calendar, and Xero.

Also, with Scoro CRM tools, you can see all of your customer information in one place, from contact information to linked files, quotes, and invoices.

You can easily search for and filter customers and categorize sales data based on location, category, activity, and fully personalized tasks.

The well-combined feature set of Scoro makes it the best recurring billing software for businesses of all scales.

Key Features

  • Multiple access controls and permissions
  • Automation feature to invoice clients
  • Financial forecasting
  • Payment reminders
  • Project management
  • Customer database management
  • Visualized sales funnels
  • Quotes to invoices conversion
  • Expense tracking
  • Mobile app
  • Time tracking
  • Invoice sending reminders
  • Customizable invoicing payment terms
  • Discount functionality
  • Tax calculation

Pros

  • Offers a comprehensive suite of useful apps
  • Can be white labeled for your brand
  • Great user experience and interface
  • Useful invoicing and reminder system
  • Can be programmed as per your specific needs

Cons

  • Tedious onboarding process
  • While it’s among the best recurring billing software, the hidden costs make it costly for small businesses and solopreneurs

Pricing

  • Essential: $28 user/month
  • Standard: $42 user/month
  • Pro: $71 user/month
  • Ultimate: Price on demand

Image via Scoro

Tool Level

  • Intermediate to Advanced

Usability

  • Easy to use, especially for project managers

Pro Tip: With Scoro's Smart Inbox, you can send emails to your task list as tasks, reminding you to get back to them.

14. Maxio

Image via Maxio

For businesses that require recurring billing functionality, Maxio is one of the best recurring billing software. In fact, Maxio is a renowned billing and subscription management platform for B2B SaaS businesses.

Maxio was developed by the team that created Grasshopper.com and EngineYard.com, both of which serve small businesses and entrepreneurs operating on subscription-based billing setups.

The Maxio platform addresses the complete subscription lifestyle, from subscription management to revenue retention, business analytics, and revenue operations.

It’s one of the best recurring billing software offering a free trial that can help businesses try out its functionalities and see if it suits their purpose.

Also, the price that you have to pay for Maxio is comparatively high, and we don’t recommend recurring billing software for solopreneurs.

However, it’s among the best recurring billing software for small-large scale businesses that deals with a subscription-based business model.

Key Features

  • Quantity-based billing
  • Metered billing
  • Offer management
  • Recurring billing
  • Revenue retention
  • Subscription analytics and insights
  • Subscription relationship management
  • CRM and ERP integrations
  • Multi-site functionality
  • Sales tax integration
  • Analytics
  • Integration with QuickBooks and Xero
  • Customized email templates

Pros

  • Offers several bill pricing methods
  • Easy-to-use dunning system
  • User-friendly interface
  • Helpful customer service
  • Reporting is wonderful; you can easily see your churn, paid subscribers, etc.

Cons

  • Limited customizability
  • DKIM/SPF support is weak
  • Limited integrations

Pricing

  • Base: From $5,000 annually
  • Custom: On-demand

Image via Maxio

Tool Level

  • Intermediate to Advanced

Usability

  • Learning curve is steep

Pro Tip: Keen, the event streaming platform can now be integrated with Maxio to provide instant access to all your Keen data directly within the Maxio platform.

15. SubscriptionFlow

Image via SubscriptionFlow

SubscriptionFlow is an innovative billing management software that seeks to transform the way businesses handle their subscriptions and recurring payments.

As one of the best recurring billing software for SaaS businesses, SubscriptionFlow offers a comprehensive solution for managing billing cycles, payment processing, and revenue recognition.

With SubscriptionFlow, businesses can automate their subscription management processes which helps increase efficiency while reducing costs.

It’s customizable pricing plans and billing models and smart invoicing solutions make subscriptionFlow a real contender among the best recurring billing software.

Key Features

  • Metered billing
  • Usage-based billing
  • Recurring billing
  • Self-service portal for customers
  • Subscription analytics
  • Insights on customer retention
  • Hybrid billing
  • You can offer rewards, coupons, trials, and freemium subscriptions

Pros

  • Top-notch transaction security
  • Integrates easily with multiple payment gateways
  • Monitoring of real time usage works well
  • Automated communication for dunning management

Cons

  • Limited documentation and tutorials
  • User interface is not intuitive

Pricing

  • Startup: $149/month (3 users)
  • Rise: $199/month (10 users)
  • Scale: $299/month (25 users)
  • Enterprise: Custom

Image via SubscriptionFlow

Tool Level

  • Advanced

Usability

  • Involves a learning curve

Pro Tip: You can embed Pay Now buttons into each invoice to encourage your customers to make recurring payments on time.

FAQs

Q1. What is recurring billing?

A. Recurring billing is a payment structure for subscription-based businesses that allows companies to bill their customers on a predefined billing cycle.

For example, SaaS businesses like Semrush are a perfect example of companies using recurring billing. While using a SaaS product, customers have to pay monthly/quarterly/annually for the services.

Q2. What is the difference between recurring billing and subscription billing?

A. Recurring billing and subscription billing both automate and collect payments regularly, but subscriptions offer more options. Recurring billing charges a set amount at set intervals, like a regular software maintenance fee. Subscriptions let customers choose storage limits and features at different price points.

Q3. What are the benefits that recurring billing software can realize?

A. Following are the benefits of using the best recurring billing software:

  • Saves time on manual billing
  • Streamlines the billing process
  • Reduces missed billing opportunities
  • Improves payment security
  • Provides an awesome customer experience

Q4. What is a payment gateway?

A. A payment gateway is an online service that processes payments for e-commerce sites and even traditional retail stores' checkout carts.

Payment gateways can process payments using a variety of methods, including PayPal, Square, and Stripe.

Q5. What makes recurring billing software the best?

A. The following traits are common in the best recurring billing software:

  • Easy to operate UI/UX
  • Simplicity
  • Multi-currency and language support
  • Sales tax inclusion and global compliance
  • Fraud protection
  • Third-party integrations
  • Reporting and analytics
  • Customizability
  • 24/7 Support service
  • Invoice templates and cloning

Q6. Who uses recurring billing software?

A. Businesses that rely on subscription-based models can benefit from recurring billing software. The software helps streamline and automate a number of related processes, as well as billing their customers on a regular basis.

For example, newspapers, subscription boxes, and even online access to premium content are all examples of places where recurring billing software is often used.

Q7. What are the best recurring billing software out there?

A. Following are the best recurring billing software for solopreneurs, small-mid scale businesses, and even enterprises:

  1. Wave
  2. Bill.com
  3. Zoho Invoice
  4. Chargebee
  5. Invoicera
  6. Salesforce CPQ
  7. QuickBooks Payments
  8. FreshBooks
  9. Maxio
  10. Younium
  11. Recurly
  12. Invoice Home
  13. Zuora Billing
  14. Scoro
  15. SubscriptionFlow

Q8. What are the best free recurring billing software I can use?

A. Following are the best recurring billing software that come with no upfront cost:

  • Wave
  • Zoho Invoice
  • Invoicera
  • Chargebee

Do note that these recurring billing software charge payment processing fee for every transaction.

Q9. What is the best way to set up recurring payments?

A. The best way to set up recurring payments depends on your needs. For simple setups, consider using the built-in features offered by the service you're paying for. For more control or complex billing needs, explore the recurring billing software we've explore here.

Conclusion

Businesses of all scales can benefit from recurring billing software, which removes the hassle of invoicing and automates payments, among other things.

Whether you choose a free solution or one that includes extra features such as a client portal or sales tax automation, having recurring billing software is imperative.

The option that best suits your specific business needs is the one you should choose.

If you’re confused about which one is the best recurring billing software for your business, let us know in the comment box, and we’ll help you select one.

Gaurav Sharma

Gaurav Sharma is the Founder and CEO of Attrock, a results-driven digital marketing company. Grew an agency from 5-figure to 7-figure revenue in just two years | 10X leads | 2.8X conversions | 300K organic monthly traffic | 5K keywords on page 1. He also contributes to top publications like HuffPost, Adweek, Business2Community, TechCrunch, and more.

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