FlyCode Blog

In a new report from Stripe billing, they highlight trends and insights from more than 2,000 subscription business leaders from around the world. Stripe are sharing that churn continues to be a looming concern, with 72% of survey respondents saying they are worried about churn impacting their bottom line.

We are thrilled to share that FlyCode is the winner of the prestigious Visa Everywhere Initiative 2024! Our cofounder, Jake Vacovec took the stage last night and won the $100K first prize.

We are thrilled to announce that FlyCode has been selected as a finalist for the prestigious 2024 Visa Everywhere Initiative! This recognition underscores our commitment to pioneering payment solutions that are reimagining the fintech landscape.

In August 2024, Gartner’s Magic Quadrant for Recurring Billing Applications evaluated 17 key vendors offering SaaS billing solutions for subscription models. With an emphasis on automation, usage-based billing, and compliance with global accounting standards like IFRS 15 and ASC 606, these tools are mission-critical for businesses dependent on recurring revenue streams.

In today’s competitive market, attracting and retaining customers is more challenging than ever. Payment failures may seem like a minor disturbance but play a major role in your relationship with your customers. Experiencing payment issues simply because the credit card has declined is a frustrating experience for the customer but even more so for businesses. Even businesses with a fairly low payment failure rate could lose millions in revenue every year. Having said that, many businesses accept the loss and count it as a risk of using certain payment methods.

Failed payments that leads to ‘Passive’ hashtag churn is a hidden Revenue Killer 💳 for SaaS Businesses. In the world of subscription-based services, customer retention is critical. It's a bad customer experience. It's a risk to lose the payment and a bigger risk to your net revenue LTV. One of the biggest challenges in maintaining customer loyalty is passive churn. This type of churn can undermine revenue and affect long-term growth. Understanding how passive churn operates and how companies address it is crucial for anyone involved in subscription management or eCommerce

Churn rate, defined as the percentage of subscribers who discontinue their subscriptions within a given time period, is a critical metric for subscription businesses. While it's common to view churn as something to minimize, the reality is more nuanced. Both too much churn and too little churn can signal underlying issues. Let's delve into what constitutes optimal churn levels and how to achieve a balanced approach.

The subscription business model has taken the world by storm. From media streaming services to monthly product boxes, subscriptions are an integral part of modern commerce. However, with the rise of this business model comes a significant challenge: passive churn.

Churn is a term that has become synonymous with the challenges faced by subscription-based businesses. Traditionally, churn has been categorized into two main types: active and passive. However, a new, nuanced form of churn is emerging, reflecting the complex dynamics of customer behavior and engagement. Let's explore these three distinct types of churn and delve into the implications of this evolving landscape.