Payments language demystified

A billing model that links payment processing to usage‑based pricing in a Software‑as‑a‑Service (SaaS) platform, where payments (via cards, ACH, or wallets) are automatically captured based on metered consumption (e.g., API calls, seats used, data consumed). For platforms, integrating metered billing means payments can be triggered without manual invoicing, reconciliation is automated, and revenue recognition aligns closely with user activity.