Payment Models

Payment models refer to the various ways businesses charge for goods or services. Common types include: 1. **Pay-per-use:** Customers pay based on their usage, like a water bill. 2. **Subscription:** Customers pay a regular fee for continued access, like a gym membership. 3. **One-time purchase:** A single payment for ownership, such as buying a book. 4. **Freemium:** Basic services are free, but advanced features require payment. 5. **Commission-based:** Providers earn a percentage of sales, common in marketplaces. Each model has its benefits and suits different types of products and consumer preferences.