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Octane Billing — Easily price on usage, SaaS billing without headaches
Easily price on consumption. Offer consumption-based billing without headaches of building it in-house! Set it up in as little as 30min. Try it out at https://www.getoctane.io/
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Hunter
@vadim_shcherbakov @tasha_dziatkovskaya Thank you for the compliment! Yes! We have an in-the-box integration with Stripe for all payment needs. Stripe supports Visa/Mastercard as payment.
Product looks nice, but pricing is insane. $520 for 100 customers with 10 events per customer? You can't even build any realistic usage-based billing with 10 events. 100 events takes you to over $600..
If you want to tie your pricing to my success and to the value I make out of your product, it has to be based on how much I actually charge my customers.
@danbars Appreciate the feedback! Glad you like the product. We developed our pricing by identifying value metrics - "number of customers" and "number of events". Additionally, we looked at the market and spoke with potential customers to validate our existing pricing.
What we've noticed is that as the number of customers (or number of events per customer) increases, so does the complexity of implementing and managing a usage-based plan. For this reason, we chose to offer tier-based consumption pricing - the more customers, the more events the cheaper the product is and the more value you get.
As you know, pricing is an ongoing conversation, especially in these early stages. Would love to hear more about your specific use case to better understand your value metrics and how we can bridge that gap with our pricing. You can drop me a line at dima@getoctane.io. Look forward to hearing from you!
Hi @akash_khanolkar1 really interesting product and definitely solving a need. A couple questions:
1) Do you default to # of API requests and amount of storage provisioned or do you have other usage options?
2) Do you find your customers' customers are open to these usage based pricing models? Depending on customer audience, billing based on API request or similar engineering level usage metric could be unintuitive and daunting for a potential customer.
Hunter
@daniele_packard - appreciate the feedback!
1) We support a wide range of usage options. Charging on API requests or amount of storage provisioned was purely for the demo video. We allow you to create any meter you like and we support special metering types such as counters (e.g. api requests, file uploaded, inbound/outbound network traffic) or gauges (e.g. storage provisioned, number of running jobs, number of active users). Even if you wanted to charge based on smiley faces, you can do that :) Linking to metering documentation if you want to dive deeper (https://octane.readme.io/docs/cr...)
2) Hope that helps explain #2 question, which is our customers' customers will be be billed on whatever metric your company wants to.
Thank you @akash_khanolkar1 for sharing this. I run a SaaS app and it's absolute need of the hour for us. ✌️
@akash_khanolkar1 @anupamapanchal Perfect! We are happy to help and work with you to provide our billing solutions to you. Let's chat!
@gkeechin Thank you! Looking forward to helping the next unicorns own their monetization journeys!
Congrats to your team on the launch! Usage-based billing is really what people are looking for, as people only want to pay for what is being used. What do you think is the future of pay-per-use and how SAAS companies can further segment customers based on usage? (other than who uses it more)
Hunter
@gosathya - thank you! We believe that future of SaaS billing is going through a transformation. Pay-per-use billing will become the leading way companies bill. RE segmented customer usage - some businesses may have different value metrics depending on their use case. Octane helps companies measure those potential value metrics and experiment with different price points across customer segments.
@gosathya appreciate the support! We're seeing a massive shift from a subscription economy to usage-based consumption models. We believe customer segmentation, combined with usage data, will play a key role in helping businesses identify and optimize for certain cohorts / use cases. Additionally, product features like usage-based discounts/trials and price plan backtesting (how would alternative price plans have performed historically?) will help companies accelerate their iteration on pricing.
Hunter
👋 Hey ProductHunt, Akash here, the co-founder of Octane. We are excited to be launching on ProductHunt and want you to try it out! We are firm believers that consumption-based billing models brings the best value for both buyers and sellers - not to mention it's a pricing model that scales well!
🤔 The Problem
The most successful SaaS companies (AWS, DataDog, Twilio, Snowkflake, etc.) are all offering consumption-based billing to their customers. But it takes teams of engineers to implement it - we know from experience.
💡 The Solution
We’re here to level the playing field for anyone to bill like a giant. Our product allows you to reliably start offering flexible consumption-based billing to your customers in as little as 30min. Sign-up now and test it out!
🏆 How is Octane different?
😍 Expressive Price Plans: Create price plans that bill on consumption with zero code. Include base rates, add-ons, discounts, trials with a click of a button.
🖥️ Simple APIs and SDKs: Integrate in minutes with simple SDKs that wrap the powerful Octane API.
⚡ Real-time Accounting: View detailed breakdowns of customer consumption and spend. Share customizable reports and dashboards with your customers.
📶 Automated Billing: Sit back, relax, while Octane converts usage to revenue. We compute customer bills and automatically sends charges through your preferred payment gateway.
🔐 Trusted by Data, fintech, and SaaS businesses.
🙋♂️About Us
We are a strong team that has worked at tech firms like Facebook, Microsoft, and Google. We have experience building consumption-based billing services at previous companies. We are backed by VC and Angels with experience at companies like Twilio and GitHub.
🛠️ Who can use this?
We enable developers and product owners to monetize effectively.
📩 How can I get it?
Grab your API keys in the portal and get started quickly in our docs - https://octane.readme.io/ Create price plans and start billing your customers on consumption-based plans in minutes. We provide SDKs written in Python, NodeJS,.
We'd love to hear what you think!
Hunter
@belsandre - Exactly - fueling startups with Octane :) Getting to monetization as fast as possible for startups is critical. Glad we can be a big part of that process! 🔥🔥
Prior to Octane, I was working at a startup where we wanted to move towards a usage-based billing model and we made it happen by having a team of 4 engineers work on the problem for an entire quarter! This made me realize that there has to be a more scalable and easier way to do this.
The simplicity and speed of monetizing your startup is critical for its success and at Octane we are helping founders achieve exactly that. Super excited about the launch of our product, so give it a spin and let us know what you think!
Amazing product and team solving a foundational problem for the next generation of software companies.
This looks great and most important the value is described really well. There are so many billing products out there but with Octane I immediately understood how it was different and why I would use it.
Great product. But the pricing is a let down, especially for bootstrapped startups.
Hunter
@sangoitejas Thanks for the additional insight! We got a lot of great feedback from PH users today on pricing, so we will definitely take that back to the drawing board to inform our future pricing ASAP. If you don't mind, just for feedback - what aspect of the pricing is most prohibitive for you: Is it the per_customer pricing, per_event pricing, or both?
@akash_khanolkar1 I think per_customer pricing can be totally removed. With per_event pricing you can tie your revenue directly with the revenue of your customers. Secondly, I calculated the per_event pricing for the $99 growth plan that we have - and it turns out to be $100 with only per_event pricing. This makes it unusable, atleast for us.
@giri Thanks! We are really excited about now officially sharing our product with the world!
@tasha_dziatkovskaya Exactly! Entrepreneurs and Enterprises can now just focus on their main product/ core competency and leave the boring billing to us! Thanks!
@jdolitsky Absolutely, we are actively working on it! We expect to roll it out in the next couple of weeks!
@xuezhao Yes! We are thrilled to have the product available to everyone and to be so well recognized by the Product Hunt community!
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