How do you handle user subscriptions and billing in a SaaS application?
In a SaaS application, user subscriptions and billing are typically managed through a recurring payment system. The process involves setting up a subscription plan, integrating a payment gateway, and automating billing cycles. Users can subscribe to different plans based on their requirements, and payments are processed automatically for the chosen subscription period. Billing cycles can be monthly, annual, or customized to fit specific needs. The system should also handle upgrades, downgrades, and cancellations seamlessly. Efficient user management, invoice generation, and reporting are important aspects of managing subscriptions and billing effectively.