Oracle Cloud Pay As You Go (PAYG) Subscription Model

Oracle Cloud Pay As You Go (PAYG) model lets you quickly provision services with no commitment, and you’re only charged for what service you use. There is no upfront commitment and no minimum service period. Any cloud infrastructure (IaaS) and platform (PaaS) services consumed are metered and billed based on that consumption.

In this blog, we will cover:

• Billing Models Offered by Oracle
• PAYG Overview
• Why PAYG
• How to move a free tier Oracle Cloud Account to Paid Account-Pay As You Go.

Oracle Cloud Pay As You Go Model

Pay as you Go means Pay Per Usage or pay for only what you use. Most of the customers want to pay for what services they used. For those customers, Oracle Cloud has Pay As You Go method. Where customers can change their Oracle Cloud account into Pay as you Go.

There are two different ways of Pay As You Go Model, How it works:

1. You can put down some amount of money in advance and this money is decreased as you use the service.

For example, Credits are purchased for a fee. As credits are used, the remaining number of credits get decreases. Once the credits get to zero, you can no longer use the service until you purchase more credits.

In this version of the Pay As You Go, the Cloud account provider you’re purchasing the service from can choose if there’s also a time limit associated with the purchase.

2. In an Oracle Cloud, the model is usually offering IaaS, PaaS.

This model Produced bills for outsourced services by the user, transaction, time in use, peak period, or some other subscription metric. It is delivered through the cloud.

This model is totally usage-based where Users will pay a minimal setup charge, the usage fee, and costs for service and support.

Also Check: Our blog post on Oracle Data Guard.

Why choose Pay As You Go Model

There are some benefits :

• A smaller barrier to entry
• No commitment
• Better cost-per-usage

A customer doesn’t need to commit to a prescribed plan and gets charged on a monthly basis. They just pay once for a product or service and then start using it. It works well for products that are needed infrequently.

Consumers don’t have to make a commitment upfront and can budget accordingly. Think of the differences between viewing a movie on Netflix versus renting one from Redbox.

Because the customer is paying when they want the product, this model helps businesses manage their cost-per-use. It also allows for better tracking of what sells and what doesn’t. Instead of going all-in with a product suite, the true revenue generators are able to stand out.

PAYG vs Annual Universal Credits Payment Plans

Move Trail account into Pay as you Go from the console: Step by Step

Step 1: Register & Log in to the Oracle free Cloud account.

Note: First, you should have an Oracle Free Cloud Account and if you don’t have one, then you can register FREE using my step-by-step video & guide that I covered in episode 30. You can get it by visiting here.   

Step 2: Open the Navigation menu, go to Governance & Administration, Under Cost Management Click on Payment Method.

Step 3: Once you click on Payment Method, You can see Two options of payment to begin your paid Oracle Cloud Account.

Select Pay As You Go option.

Step 4: Once you click on the select button, Add payment method option is available.

Step 5: Fill out all the details and click on the Finish button.

After completing all the steps it takes some time for moving your trial account into a paid account in Pay As you Go model. Once the Start paid account  Button is available, click on this and start your paid account.

Frequent Asked Questions

Q: How are Oracle Universal Credits consumed?

References

• Pricing model in Oracle Cloud(OCI)
• Top 10 Reason to choose Oracle Cloud
• Oracle OCI vs OCI – C: IaaS from Oracle
• Oracle Pricing list
• Database Patching In Oracle Cloud: Step By Step
• Oracle Enterprise Manager (OEM)13c On Cloud For Beginners
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