Metered billing

Metered billing is a pricing method where customers pay based on their actual usage of a service or resource. Instead of a fixed fee, charges are calculated according to how much of the product they consume, such as data, electricity, or minutes of service. This approach provides flexibility and fairness, ensuring customers only pay for what they use. It’s commonly used in utilities and cloud services, aligning costs directly with consumption, which can encourage more efficient use and better cost management.