PAYG Billing in Cloudzy

PAYG or Pay As You Go is a pricing model commonly used in the cloud computing industry. Cloudzy’s Cloud services use this pay-as-you-go approach for billing customers on an hourly basis. So, instead of traditional IT cost models, which are essentially subscription-based, PAYG will be used as a valuable method. This approach is pretty similar to utility bills, utilizing only required and used resources. Meaning that users don't have to pay for the larger time cycles than they require. So, they can choose the CPU, memory, storage, operating system, networking capacity, and any other probable resources needed to run their environment.

Besides only paying for the used resources, another advantage of our PAYG method is that your monthly cost won’t exceed the cost of a 30-day monthly plan. In other words, there’s a predetermined cap for each plan, and your accumulated usage would never exceed that cap. Regardless of getting a Cloud VPS for only a few hours or keeping it for 30 days, you won’t pay more than a traditional 30-day monthly plan. So, if the month is 30 days, you’ll pay for 720 hours of services. The only exception is when the month is 31 days. In that case you’ll pay for 744 hours of resources.

In Cloudzy, we execute hour-based PAYG, which means we bill each Cloud VPS for the time between its initialization and termination. In other words, instead of usage-based PAYG (aka Pay-As-You-Use), we will provide you with the billing cycle that begins at the Cloud VPS activation time, helping you to use the plan productively. This means you'll be charged as long as your VPS is active, regardless of whether it’s on, off, or suspended. So, if you turn your cloud VPS off, you’ll still be charged for the hours that your server is off. The reason behind this is that your Cloud VPS resources are dedicated to you, and even when you’re not using your server, the server space is still occupied.

The predefined prices of plans include all parameters specified in the plan, including RAM, CPU, Storage, Bandwidth, and a dedicated IP. So, what you pay covers all the mentioned resources, and we won’t charge you an extra cent for those resources. However, if you activate the nested feature or ask for extra bandwidth, you need to pay the fee.

What Happens to Resized Cloud VPSs?

In our plans, you’re charged on an hourly-basis as long as you don’t exceed the monthly cap. The same rule applies when you resize your plan. So, even when you upgrade or downgrade your plan, you’re billed with the same method. The only difference is that you’ll receive two separate invoices at the end of the month.