Saas billing software or any subscription management platform manages the customer billing process of Software as Service (SaaS) on a recurring basis. With automated subscription billing on products and services, you can charge customers for every billing cycle. It helps your company to focus more on your services rather than worrying about billing of your customers.
Such invoicing software manages all the process with efficacy, as a result, saves lots of your time and money. There are plenty of options available, each with their own pros and cons. But with such abundance, it can get confusing pretty easily. The question arises, which one should you choose? To help you, I have carefully listed down 19 Best Saas Billing Software and tools in the market.
Top 19 Best Saas Billing Software and tools in the Market
1. Stripe
Stripe is a popular cloud payment platform, which helps you run an internet business. It helps companies of all sizes automate, optimize, and scale recurring business models. Stripe’s meticulously designed APIs and functionality help Saas businesses to create the best possible product for their users whether its a subscription service, an on-demand marketplace, an e-commerce store, or a crowdfunding platform.
Features:
- Custom UI toolkit
- Invoice
- Recurring Billing
- Invoice history
- Clean outlook
- Mobile customer interface
- Third Party Integration
- Open-Source Plugin
- Dispute Handling
- Payment Options
- Authorization
- Financial Reporting
- Unified Payout
Pricing:
Stripe offers a simple and straightforward pricing scheme. It has no setup fees, no monthly fees, no validation fees, no refund fees as well as no card storage fees. Instead, you only pay when you use the service. The pricing rate is simply 2.9% + $0.30 per successful charge for credit and debit cards. They have additional fees for other services like instant payout, advanced fraud detection and more.
Pros:
- Uses flexible integrations
- Simplifies the billing process
- Pricing is great for new Saas companies
- Secured payment
- Gives end to end solutions
Cons:
- Time consuming and difficult set up
- The fees can increase as you scale
- Can be hard to use without some expertise
- Has limited built in analytics
- The pricing can start to get a little confusing with their add-on services
2. Chargebee
Chargebee is another famous subscription management and billing platform that handles recurring payments, subscription management as well as analytics. Chargebee is the right tool for all subscription businesses, whether a small company or an enterprise with complex needs. It offers a wide range of pricing options in 100+ currencies and payment methods.
Features:
- Recurring billing
- Multi-Currency
- Subscription Billing
- Invoicing
- Subscription analytics
- Email management
Pricing:
Starting at $249 a month, the payments plans are billed annually or monthly. Higher-tiered plans also come with more features, users, and priority support.
Pros:
- Easy to use and to integrate
- Great customer support
- Easy to set up and has a good API
- Tons of options for pricing and billing
Cons:
- The UI is not that attractive
- Cannot manage multiple currencies through a single dashboard
- Settings can be a little overwhelming
3. Pabbly Subscription
Pabbly is a recurring billing and subscription management software that assists you in all your subscription needs by automating the entire subscription lifecycle. It provides a centralized platform for streamline operations of businesses related to affiliate creation, dunning management, coupon generation, and more. Moreover it also helps integrate the system with several third party solutions.
Features:
- Billing and invoicing
- Multi currency
- Email integration
- Multi currency
- Mobile support
- Analytics/ Usage tracking
- Multiple payment gateways
- Payment processing
- Refund processing
Pricing:
The subscription pricing starts at $19.00 per month.They do not have a free version although they offer a free trial.
Pros:
- Easy to use
- Great customer support
- Flexible tax system
- Significantly low pricing
Cons:
- The UI is a bit confusing
- Sometimes there can be sending delay
4. Chargify
Chargify is a recurring billing and subscription management platform built for Saas.Chargify is a globally-recognized leader in the recurring billing and subscription management space. It enables subscription businesses to create, optimize, and adapt offers.
Features:
- Easy UI
- Customer churn
- Usage tracking
- Revenue accrual
- Personalised billing
- Muti currency
- Discount and promotion management
- Customer portal
- Dunning support
Pricing:
Chargify charges a monthly or annual subscription, along with a fee based on revenue. It provides a free trial with subscription starting at $149 per month.
Pros:
- Streamline billing
- Good customer support team
- Simple and easy to use
- Smooth functioning
- Manages complete customer lifecycle
Cons:
- Costly for small Saas companies
- Lack of customisation for invoices
5. Zoho subscription
Zoho Subscriptions is an end-to-end recurring billing and subscription management software, designed to handle every aspect of your subscription-based business through automation. It helps manage complex billing cycles, oversee customer subscriptions, automate invoicing and payment collection, manage failed payment retries and analyse your business growth.
Features:
- Recurring billing
- Subscription matrix
- Dunning management
- Multi currency
- Customer management
- Multi user login & roll based access
- Discount management
- integrations
Pricing:
With a 15 day free trial period, Zoho has subscription offers starting from $39.00 per month.There is a free version also.
Pros:
- Easy to use and integrate
- Nice customer service
- Speedy reports
- Super time saver
Cons:
- Making changes can be a little difficult
- Limited in what it an do
- Does Not support multilingual checkout
6. ChargeOver
ChargeOver is a web-based full-featured recurring billing and subscription billing management application. It automates invoice delivery to clients, billing as well as payment acceptance, updates and requests payment information and dunning while customizing each step of the process and offering users comprehensive reporting. Including one-time charges, nearly every situation can be billed with ChargeOver.
Features:
- Automatic Billing/Invoicing
- Multiple App Integrations
- Development-Friendly Platform
- Multi Currency
- Dunning Management
- Multi-Period Recurring Billing
- PCI-compliant Security
- Multiple Payment Channels
Pricing:
ChargeOver provides a subscription pricing model with a free trial option. The pricing starts from $650/month and is based on how many customers users currently have signed up for a subscription billing or recurring revenue plan.
Pros:
- Very simple and so easy to navigate.
- Outstanding customer support
- Seamless user experience
- Affordable price
- Time saving
Cons:
- Difficult to navigate at times
- Integration with QBO doesn’t always work perfectly
7. PayWhirl
PayWhirl is a billing & invoicing software that makes it easy to create and manage recurring payment plans online. It provides end-to-end solutions and offers online payments, online invoicing, tax calculator, contact database and payment processing at one place.
Features:
- Customizable invoice
- Report & analysis
- Multiple payment methods
- Multi-Currency
- Dunning Management
- Online invoicing
- Contact Database
- Mobile Payments
- Tax Calculator
- Project billing
Pricing:
PayWhirl provides its customers with pricing plans starting with $49/month.
Pros:
- Easy to use
- Good customer support
- Easy accessibility for customers
Cons:
- Little pricey
- Customisation may require outside vendor
8. Sellfy
Sellfy is a simple recurring billing software and powerful e-commerce platform for creators. It helps you to set up a store where you can sell digital products and subscriptions. It enables digital content creators, including writers, illustrators, designers, musicians, and filmmakers, to sell their products online. It does not require much technical skill to set up and is highly customizable.
Features:
- Email / SMS Marketing
- Customizable Online Storefront
- Integrations
- Analytics
- Mobile Access
- Data Security
- SEO Management
- Online Payment Gateways Integration
Pricing:
Sellfy pricing starts at $19.00 per month and offers a free trial.
Pros:
- Clean UI with interactive design
- Reliable platform
- Easy to use
- Can be used from mobile or desktop
- Fast and easy setup
- Customisable
- Good customer service
Cons:
- Less updates
- Fewer payment options
9. SaaSOptics
SaaSOptics is a cloud-based subscription management platform that automates financial operations for growing B2B SaaS businesses. It does real-time data analysis and reporting of past and existing subscriptions over a single click. It enables businesses to eliminate their risky dependency on spreadsheets and streamline financial operations.
Features:
- Centralized SaaS management
- Customer portal
- Dunning management
- Customizable invoices
- SaaS Metrics & Analytics
- Subscription management
- Project billing
- Automated discovery
- Accounts receivable
Pricing:
SaaSOptics provides a subscription pricing model with optimizable prices.
Pros:
- Great customer support and onboarding
- Consistent updates
- Time saving
- Customisable
- Financial Summary – Overview of account
- Flexible system
Cons:
- User experience not upto mark
- Complex system
- Inability to add multiple sales tax rates
10. Billsby
Billsby is a recurring billing solution designed for SaaS and subscription based businesses. It allows users to integrate with existing systems and makes it easy to get started with the subscription billing business through drop-in checkout and account management tools.
Features:
- Customizable and automated billing
- Order management
- Self-service portal
- Revenue recovery tools
- Usage tracking and analytics
- Payment processing
- Contact database
- Multiple payment gateways
- Multi-period recurring billing
- Dunning management
Pricing:
Billsby provides free trial and is available for free with the Complete plan until $5,000 revenue collected after which charges are collected at 0.4% revenue.
Pros:
- Good customer support staff
- Easy to use
- Site easy to navigate
- No monthly startup fee
Cons:
- No option to setup a discount code
- Some features missing
11. Recurly
Recurly is a leading enterprise-level platform for recurring billing solutions designed specifically for subscription-based SaaS, Web 2.0, Mobile, content and publishing businesses with global reach.Recurly cuts through the complexity of subscription management to optimize and automate revenue growth. It ensures easy setup and quick integrations with the needs of the business. This software makes user interaction simple to retain subscribers.
Features:
- Customer Management
- Quick and Easy Implementation
- Import Current Subscribers
- Salesforce Integration
- Multi-Currency Support
- Broad Gateway Support
- Virtual Terminal
- Subscription Plan Management
- Trials & Setup Fees
- Multiple Subscriptions Per Account
- Dunning management
Pricing:
With a free trial option, Recurly offers three pricing options with the promise of no hidden charges and no contract pressures. With a low-cost monthly fee and pay-as-you-go model, Recurly doesn’t have pricing until the customer starts earning.
Pros:
- Easy setup
- Seamless integrations
- User-friendly platform
- Multiple payment gateways
- Excellent support team
- Versatile
Cons:
- Reporting not that advanced
- Not super customisable
12. Braintree
Braintree is an online and mobile payment gateway that is designed to make payments easier and to maximize your business opportunities and revenue. The platform offers global commerce tools for building businesses, accepting payments and enabling commerce for their users. It helps in paying, sending money and accepting payments, providing security to your data, credit card information.
Features:
- Global coverage
- PayPal integration
- Customizable plugins
- Dynamic control panel
- Split customer payments
- Recurring billing
- Donation payments
- Manage failed payments
- Build reports
- Create custom payment plans
- Scalable customer plans
- Instant notifications
- No user redirects
- Mobile application
- One touch payment
- Fraud assessment
Pricing:
Braintree doesn’t offer fixed pricing packages, but charges 2.9% + $0.30 per transaction.
Pros:
- Smooth UI
- Supports most billing methods
- Available in over 45 countries
- Can integrate with existing merchant account
- Works at all platforms
Cons:
- Needs subscription analytic tool for reporting
- Tailored towards on-off transaction rather than SaaS companies
- Fee calculation may be problematic
- No customer care
13. Authorize.net
Authorize.net is a cloud based payment gateway which enables small to medium-sized online merchants to accept and manage credit card and electronic check payments via websites, retail stores, mail order/telephone order call centers and mobile devices. Just like a traditional card swipe machine, it manages the routing of transactions, albeit in an online setting, with no software needed for installation and implementation.
Features:
- Online, mobile and retail payment
- Payment processing
- Online account access
- Recurring or subscription billing
- Virtual terminal/batch upload
- Accept in-person payments
- Mobile commerce
- Custom branding
- Electronic Signature
- Discount Management
- eCommerce Integration
Pricing:
Authorize.net pricing starts at $25.00 per month.There is a free version also available.
Pros:
- super easy to use
- extremely reliable
- Well integrated with other systems
- Fast payment processing
- Strong anti fraud feature
Cons:
- Basic features
- Can be difficult to navigate, especially on mobile
- UI is extremely outdated
14. FastSpring
FastSpring is a trusted eCommerce software for SaaS for websites looking to sell digital products, apps and software around the world. It is designed to help businesses manage payments, subscriptions, risks, compliance, checkout processes, billing, tax collection, and more on a centralized platform.
Features:
- Mobile optimisation
- Discount / Coupon Management
- Dunning Management
- Email Marketing
- Developer Support
- Android, iOS Compatible
- Secured payment methods
- Multi Store Management
- Revenue Recovery Tools
- Subscription Plan Management
Pricing:
FastSpring offers three distinct packages, two of which come on a fee-based basis. The other one is available at a price-quote basis.
Pros:
- Fast and simple
- Reliable
- Easy to set up
- Is a one-stop-shop for e-commerce
- Manages all transaction information
- Efficient, streamlined and intuitive page
Cons:
- Little difficult to manage
- Poor user experience
- No profit transaction detail
15. PayPro Global
PayPro Global is a cloud-based eCommerce software that caters specifically to software developers and vendors, SaaS and digital goods companies. It helps them simplify the distribution and reselling of their digital products, software, SaaS, and other goods to end users all over the world. It delivers complete automation of the online sales management & optimization process through highly efficient in-house tools.
Features:
- Store Management
- Pricing and Billing
- Integrated multiple payment processors
- Multilingual eCommerce interface
- Deferred Billing
- Dunning Management
- Email Marketing
- Global billing currencies
- Customized checkout pages
- One time & recurring payments automation
- Reporting & Analytics
Pricing:
PayPro Global charges users on a per-transaction basis, but also offers an enterprise pricing plan tailored to their specific needs.
Pros:
- Flexible software
- Varied currencies and payment methods
- Automation
- Neat and clear UI
- User-friendly and simple to use.
Cons:
- No 3D secure support
- Payment processing fees are high
16. PaySimple
PaySimple is a simple cloud-based software that is created to accept payments and market services. It retains customers while selling services and products online. This software is intended to simplify the lives of business owners with its easy-to-setup and easy-to-use approach. All the functionalities in PaySimple are totally customizable and can be performed without any specialized knowledge on your part.
Features:
- Mobile Payments & Management
- Billing and Invoicing Automation
- Fraud protection
- Payment Acceptance
- Unlimited Recurring Billing Schedules
- Dunning Management
Pricing:
PaySimple provides a free 14 day trial after which it charges $49.95/mo for comprehensive software
Pros:
- Outstanding customer support
- Hassle free software
- Worldwide business
- Easy to use
- Great for small business
- Trustworthy support team
Cons:
- Fees on the higher end
- Takes time for a checkout process
17. 2Checkout
2Checkout is a leading digital commerce & payments provider that allows companies to accept online and mobile payments from buyers around the world, with localized payment options and a host of capabilities designed to benefit both merchants and customers alike. It is quite simple and multi currency.
Features:
- Multiple payment methods
- Multi-language support
- Simple buy buttons
- Integration with many invoicing systems
- Reporting/ Analytics
- Customized subscription plans
- Payment API
- Recurring Billing
Pricing:
2Checkout pricing starts at $0.01.They do not have a free version nor do they offer a free trial.
Pros:
- Reliable system
- Awesome support team
- Have a robust API
- Secure gateways
Cons:
- Platform is very complicated and not easy to understand or use
- Delay in payments
18. Fusebill
Fusebill is a subscription as well as billing management platform that automates recurring billing with the help of recurring billing solutions and eliminates manual billing. Fusebill empowers businesses to improve their subscription experience and reduce churn. It simplifies all aspects of subscription billing and management.
Features:
- Recurring billing
- Third party integration
- Automated billing
- Inventory management
- Contact management
- Multiple billing rates
- Product catalog
- Real-time analytics
- Catalog and Pricing
Pricing:
Fusebill’s full feature set across all plans allows users to scale their business through every stage of growth. It’s subscription pricing starts from $295 with free trial.
Pros:
- Simple UI which is easy to navigate
- Good customer support
- Flexible system
Cons:
- Subscription plans difficult to change
- No second language
19. Paddle
Paddle is one such subscription billing software that has been designed for B2B SaaS companies to work with all sorts of leading platforms. This subscription management software offers a variety of features to handle taxes and invoicing requirements.
Features:
- Billing & Invoicing
- Taxation Management
- Payment Handling
- Customer Portal
- Dunning Management
- Invoice history
Pricing:
Paddle does not have a free version although it offers a free trial.
Pros:
- Payment form is very simple
- Accepts foreign bank cards
- Anti-fraud payment gateway
- Easy to set up
Cons:
- API documentation sometimes lacking
- Browser integration for subscription based billing can sometimes be hard to work around
By choosing the right model and finding the right system, you can keep customers focused on your offering, instead of on their bank account. So transform your revenue management from a business blocker into a revenue accelerator with these Saas Billing Softwares.
