Pay-as-you-go model

The Pay-as-you-go model is a payment approach where you only pay for the services or products you actually use, rather than through a fixed subscription or upfront fee. This allows for flexible costs that align with your usage, making it easier to manage expenses. For example, in cloud computing, you are billed based on the amount of data stored or transferred. This model is common in utilities like electricity or mobile data plans, providing cost efficiency by charging only for what is consumed.