subscription commerce

The use of a recurring, usually monthly, payment business model so consumers and businesses can access products and services on a regular basis. The most popular subscription commerce businesses are streaming services (e.g. Spotify, Netflix), digital media (e.g. Wall Street Journal, Bloomberg), “box of the month” categories (e.g. StitchFix, Barkbox, FabFitFun). Businesses use the subscription commerce model to make access to valuable products more affordable by eliminating the need to make a one-time purchase, e.g. Salesforce, Microsoft Office, fraud and security software).

BNPL May Boost Subscription Loyalty, Help Merchants Avoid Discounts 
BNPL May Boost Subscription Loyalty, Help Merchants Avoid Discounts 
November 29, 2023  |  Subscription Commerce

For retailers, the benefits of subscription models lie in building brand loyalty, as recurring purchases can lead to predictable top-line growth. To that end, and...

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BBC Launches Global Podcast Subscription Service as Streaming Transforms Broadcasting
BBC Launches Global Podcast Subscription Service as Streaming Transforms Broadcasting
November 28, 2023  |  Subscription Commerce

As streaming changes how consumers get their audio content, the BBC is expanding its subscription offerings around the world. According to The Hollywood Reporter, the United...

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Snapchat Reportedly Joins Social Media Companies Testing Ad-Free Subscription Tiers
Snapchat Reportedly Joins Social Media Companies Testing Ad-Free Subscription Tiers
November 27, 2023  |  Subscriptions

As social media companies push for new ways to monetize their user bases, Snapchat is becoming the latest to test ad-free subscriptions to drive recurring...

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Nuuly Turns First Profit Via Diverse Assortment and Logistical Advantages
Nuuly Turns First Profit Via Diverse Assortment and Logistical Advantages
November 21, 2023  |  Subscription Commerce

Urban Outfitters’ clothing rental service, Nuuly, has turned its first profit. The achievement of this milestone comes as a result of a growing subscriber base...

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Getty Images Sees Subscriber Counts Skyrocket 
Getty Images Sees Subscriber Counts Skyrocket 
November 20, 2023  |  Subscriptions

As consumers rely on subscriptions in more and more parts of their day-to-day lives, Getty Images is the latest to see memberships surge, but this...

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Roblox Launches Creator Subscriptions as Gaming Companies Drive Recurring Revenue
Roblox Launches Creator Subscriptions as Gaming Companies Drive Recurring Revenue
November 17, 2023  |  Subscription Commerce

Roblox is launching new in-game subscriptions in an effort to drive higher-margin purchases as, across the gaming industry, major players look for new ways to...

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ChatGPT Pauses Subscriptions as Surging Demand Surpasses Capacity
ChatGPT Pauses Subscriptions as Surging Demand Surpasses Capacity
November 15, 2023  |  Subscriptions

OpenAI is putting a hold on new signups for its ChatGPT Plus program, due to widespread demand putting a strain on the platform, as tech companies increasingly rely...

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Over a Quarter of Consumers Cite Free Cancellation as Key Factor in Choosing Beauty Subscriptions
Over a Quarter of Consumers Cite Free Cancellation as Key Factor in Choosing Beauty Subscriptions
November 14, 2023  |  Subscription Commerce

In recent months, the momentum of retail product subscriptions has waned, as consumers grapple with headwinds from economic challenges and a rising cost of living....

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Retail Subscribers Like to Stick With What’s Familiar
Retail Subscribers Like to Stick With What’s Familiar
November 13, 2023  |  Subscriptions

When consumers with retail subscriptions subscribe to new services, PYMNTS Intelligence reveals, they are more likely to stick with what they know than to branch...

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