What is the difference between Monthly billing VS Annual billing?
Both monthly and annual billing options offer the same Reverse Contact enrichment services. The primary differences lie in the billing frequency, the way credits are purchased, and the cost per credit unit.
Monthly Billing
Billing Frequency: You are charged every month.
Credit Renewal: Your Reverse Contact credits are automatically renewed each month.
Cost Efficiency: The price per credit is higher compared to the annual plan.
Cancellation: Unused credits are lost if you cancel your subscription.
Annual Billing
Billing Frequency: You are charged once a year.
Credit Renewal: Your Reverse Contact credits are automatically renewed annually.
Cost Efficiency: The price per credit is lower compared to the monthly plan.
Credit Forfeiture: Unused credits are lost if you cancel your subscription.
Credit Availability: You receive the total amount of your annual credits at the beginning of the year.
Summary
Monthly Billing is ideal if you prefer spreading out payments and managing your budget on a month-to-month basis. However, the cost per credit is higher, and credits are renewed monthly.
Annual Billing is more cost-effective if you can commit to a full year. It offers a lower price per credit and the convenience of receiving all your credits upfront.
Monthly Billing
Billing Frequency: You are charged every month.
Credit Renewal: Your Reverse Contact credits are automatically renewed each month.
Cost Efficiency: The price per credit is higher compared to the annual plan.
Cancellation: Unused credits are lost if you cancel your subscription.
Annual Billing
Billing Frequency: You are charged once a year.
Credit Renewal: Your Reverse Contact credits are automatically renewed annually.
Cost Efficiency: The price per credit is lower compared to the monthly plan.
Credit Forfeiture: Unused credits are lost if you cancel your subscription.
Credit Availability: You receive the total amount of your annual credits at the beginning of the year.
Summary
Monthly Billing is ideal if you prefer spreading out payments and managing your budget on a month-to-month basis. However, the cost per credit is higher, and credits are renewed monthly.
Annual Billing is more cost-effective if you can commit to a full year. It offers a lower price per credit and the convenience of receiving all your credits upfront.
Updated on: 16/05/2024
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