Raytio's Billing (PBM) capability manages subscriptions, plan changes, usage-based charges, invoice generation, and plan-based access. It connects pricing from PCM with customer billing in FAR so tenants can sell recurring or metered services.
Billing (PBM) is built around billing subscriptions on one side and usage events with aggregation on the other. Both paths converge at billing transactions, which link subscription activity to invoice generation. Understanding how these pieces fit together is the key to understanding how Raytio handles recurring and metered billing.
A billing subscription represents a recurring billing agreement between a tenant and a customer. It defines who is being billed, when billing cycles occur, and what the current subscription status is.
When a subscription changes — whether it is an upgrade, downgrade, or modification — Billing (PBM) automatically updates the affected plan capabilities. This page explains what causes an update and how changes propagate through the billing layers.