Localised billing is a strategy or feature of cloud monetisation where cloud consumers have the option to pay for their cloud computing bills in their currency or billing address region as opposed to an international currency. The primary goal is offering customers more freedom with their payment options while also making the billing easy to understand. When a cloud service provider implements localised billing, the price of cloud services is converted into the applicable local currency as per the exchange rates at the time of billing.
Points to Remember
- The biggest advantage of localised billing for customers is non-exposure to foreign currency exchange rates. It allows customers to save both time and effort by eliminating the need to deal with issues regarding foreign currencies and their exchange rates.
- Cloud providers generally offer their services in several countries across the globe. However, they may not provide localised billing in all countries and may limit currency options to only a few.