Term
Flat-Rate Pricing
Flat-rate pricing is a method of pricing where no matter what effort and time is employed to complete a service or goods transaction, the price of the goods or service is fixed at one single rate.
Users who do not want to undergo the hassle of understanding the price breakup or go into variable pay options, often look for flat-rate pricing options. For businesses and prospects that deal in flat-rate pricing, the idea is to create an ecosystem where customers do not need price justification.
If the customers feel that the price matches the value that they are receiving from the product, they will pay for it without any justification or break-up needed. This strategy also saves time for the business in justifying its pricing.
