Subscription Based Pricing Model is a payment method that allows customers to pay for products or services on a recurring basis. Under this model, customers purchase access to products or services for a set period of time – usually monthly or annually – instead of making one-off payments. By signing up for a subscription, customers get to enjoy the use of the products or services over a longer period of time without having to worry about making regular payments. This type of pricing model has become increasingly popular in recent years, as more companies recognize its potential for increased revenue and customer satisfaction.