<span style="font-weight: 400;">Also known as consumption-based pricing, usage-based billing is a pricing model that charges customers only when they use a product or service. In a fixed subscription-based pricing model, users are charged a flat fee, regardless of the services that they use. However, the prices in a usage-based billing model fluctuate according to what the user consumes. Generally, the user is billed once the billing cycle ends. </span>
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