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.
Example:
Take a Basic $9.95 plan as an example. The hourly rate of this plan
is 0.0138 dollars. We consider each month 30 days (or 720 hours). With
PAYG billing, you can get this plan for 7 days and only pay $2.31 (7 *
24 * 0.0138). Now imagine you’ve got the same plan, and you’ve had your
Cloud VPS for an entire month. In this scenario, you need to pay $9.93
(30 * 24 * 0.0138). As you can see, even having a Cloud VPS active for
an entire month, wouldn’t cause the price to exceed the monthly
expense.
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.
Example:
Imagine the $69.95 plan with 16 GB of RAM, 350 GB storage, and 10 TB
bandwidth. The hourly cost of this plan is $0.0971. But if you activate
the nested feature, the hourly cost would be $0.1081, since the hourly
cost of the nested feature ($0.011) is added to the hourly cost of your
cloud VPS. And the overall monthly payment would be $77.83. Note that
these numbers only apply to this example and the hourly rate of nested
features varies among different plans.
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.
Example:
In another scenario where you upgrade or shrink your server, the
overall payment would be the added price of the two plans. For example,
you start with a $4.95 plan, which is 0.0068 dollars per hour. You use
this plan for 10 days and then upgrade to a $9.95 plan for 20 days. For
the first 10 days, you need to pay $1.63 (10 * 24 * 0.0068). And for the
next 20 days, you need to pay $6.62 (20 * 24 * 0.0138). The accumulated
price is $8.25.
<BlogFAQSection data={[ { title: ‘What happens to turned-off Cloud
VPSs?’, answer: ‘Turned-off Cloud VPSs will be fully billed for the
dedicated resources allocated to them until they get terminated. To
avoid unwanted costs, you can delete your unwanted Cloud VPSs.’, }, {
title: ‘What is the time zone that the months are calculated with?’,
answer: ‘All times are calculated in the UTC time zone.’, }, { title:
‘How much would I be charged if I have a VPS active for 2 and a half
hours?’, answer: ‘If you’ve used your Cloud VPS for more than 2 hours,
but it hasn’t exactly reached 3 hours, the number will round up, and
you’ll be charged for 3 hours of services. Because our PAYG model is
hour-based and the minimum billing period is one hour.’, }, { title:
‘What happens if my Cloud VPS gets suspended?’, answer: ‘Even if your
Cloud VPS is suspended, you’ll still be charged for the resources of
that VPS.’, }, { title: ‘How much should I charge my account to create
my cloud VPS?’, answer: ‘We use a prepaid pricing method, meaning that
you need to charge your account with the equivalent cost of five days of
usage to be able to create your Cloud VPS.’, }, ]} />