Metered Pricing is a pricing model where you charge your customers based on the usage of your application.There are a few different pricing models unique to Usage Based Billing:
Unit pricing is a simple pricing model where you charge a fixed amount for each unit of usage.For example:
Product Meter
Price per unit
prompt-tokens
$0.10
completion-tokens
$0.18
This means that every unit of prompt-tokens consumed by a customer will be charged at $0.10 and every unit of completion-tokens will be charged at $0.18.It’s a linear pricing model, where the price per unit is fixed.
Volume pricing is a pricing model where you charge a fixed amount for a certain volume of usage. Volume pricing is not yet available, but will be coming soon.
To charge your customers for usage, you need to add a metered price to your product. You’ll need the select the Meter and the amount per unit.Optionally, you can set a cap. The customer will be charged the cap amount if they exceed it, regardless of the usage.
If a customer has a subscription with a monthly billing period, usage is aggregated monthly and invoiced at the end of the month with the rest of the subscription.
If a customer has a subscription with a yearly billing period, usage is aggregated yearly and invoiced at the end of the year with the rest of the subscription.
If a discount is applied on the subscription, it’ll be
applied on the whole invoice, including metered usage.
Optionally, you can set a cap. The customer will be charged the cap amount if they exceed it, regardless of the usage.
