Pricing is managed in the Plans & Pricing section of Vayu. Whenever you create a plan, you have endless options for putting together a respective plan, setting payment schedules, defining contract terms, and more. Contracts define the customer’s plan, pricing, terms, and duration. In Vayu, the contract anchors the products, their price, and any modifications to each product (commitment, base price, billing interval, etc). Each contract can hold an unlimited number of Fixed Fee product(s) and/or Usage-Based products.

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**How to Create a Contract **

When you sign into Vayu, navigate to the lefthand-side menu. Find and select Plans & Pricing. Once there, you will be able to see all the plans you’ve created so far. To create a new plan, go to the top right of the plans list and select the + Create button. On the Create Plan page, you will see several options. In the top row, you can choose to Get started → on a new contract or Go to plan builder → to create a new plan. Alternatively, you can select from three popular templates for Hybrid plans, Usage-based plans, or Growth-based (PLG). On the Plan Builder (i.e. General Terms) page, you will name the plan and select its length from a dropdown list that includes the following plan duration options:

• Any range of months
• Evergreen

Next, select your billing method from the following three options:

• Calendar-Aligned with Proration – Billing aligns to calendar intervals (e.g., 1st–31st of each month). If a contract starts mid-period, a prorated invoice is issued for the partial period.
  
  _Example: _Contract starts March 15 → Prorated invoice for Mar 15–31, then regular monthly billing from Apr 1.
• Pro Rata – Billing follows the contract start date (e.g. Mar 15–Apr 14, Apr 15–May 14). Changes or early termination will generate prorated charges for partial usage.
  
  Example: If the contract terminates June 10, then the final invoice is prorated for May 15–June 10.
• **No Proration – **Invoices will not be adjusted for partial periods. Customers are charged the full amount for the billing interval, regardless of when the contract starts, changes, or ends.
  
  Example: If the contract starts March 20, then the first invoice will still be for the full month of March.

Finally, toggle whether or not you want auto-renewal to be automatic. To continue, select the dark blue Continue button to the bottom right.

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Pricing & Products Page

On the Pricing & Products page, you will have the opportunity to add the following:

• Service fees
• Usage-based fees
• Credits & discounts

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Service Fees

When you enter the Service Fees page, you’ll be met with a white box titled Create & Add Fixed Fees, select the blue button + Add Fees. You can select from the dropdown one of four options:

• One Time Fee
• Subscription
• Contract Terms
• Commission

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Usage-Based Fees

On the Usage-Based Fees page, select the blue + Set terms & Pricing button, then select the option you want from the dropdown menu. For each item, you will have three fields: Select pricing, Select product source, and Product name. Under Select pricing, you will have five options:

• Tiered
• Volume
• Per Unit
• Revenue Share
• Tiered Subscription

For usage-based fees, you can modify Item Settings (NS Product ID and/or Product Description), Schedule, and finally Data Metering & Pricing.

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Credits & Discounts

On the Credits & Discounts page, you may add discounts and credits at the contract level (discounts & credits can be applied at the product level as well).
Go to the white box titled Credits & Discounts, then select the dark blue + Add Promotions button: You will have three initial options to configure:

• Credits - Usage fees
• Percentage Discount
• Metered Credit

Next, click the gray ✎ Modify button. For credits and discount percentages, you can toggle the product description or if this will be a recurring discount. When creating a new plan, you must have at least one product added prior to saving. Product Modifications Each product type has its own unique modification options, tailored to its unique logic. Some modifications are consistent throughout all product types:

• **Issue as a Separate Invoice – **Generate a dedicated invoice for this product, separate from other charges
• **Add Product Description – **Include a custom line-item description on the invoice
• **Custom Start Date – **Override the contract start date for this specific product  and start billing it on a different date.
  Example: The contract starts Mar 1, but the product begins Apr 1 → Invoicing for this product will start on Apr 1.
• Add Discount – Apply a fixed amount or percentage discount to the product
  Note: Discount options vary by product type. For example, recurring discounts are available for subscription products.

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Sample Demo

In this quick demo, you can see how to add a service fee to your plan. From the white box titled Create & Add Fixed Fees, select the blue button + Add Fees. Select from the dropdown one of four fee types: one time fee, subscription, contract terms, or a commission. Next, click the gray ✎ Modify button. Here, you can modify terms for Pricing Settings, Schedule, and Payment. Under Schedule, you can set the date for the plan to begin:

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