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API monetization using an API Management and a billing provider

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  1. Apache SkyWalking is an open-source application performance monitoring solution that provides tracking, metrics analysis, service mesh observability, alarm, and visualization.

    For example, Apache APISIX can also integrate with a variety of observability platforms like Prometheus, OpenTelemetry, Apache Skywalking and etc. By using its connector plugins 🔌 to further analyze API performance and gain complete visibility.
  2. Subscription billing and recurring billing management. Recurly offers enterprise-class subscription billing for thousands of companies worldwide.

    Next, for your API monetization stack, you need a 3rd-party recurring billing solution, such as Stripe, Recurly, Hypercurrent, and many more. But again, we do not recommend any particular payment service in this post and leave the choice of which payment provider to use up to you. The billing provider obviously needs to receive usage charges for each customer, issue an invoice, and support multiple billing models,...
  3. An open-source systems monitoring and alerting toolkit.

    For example, Apache APISIX can also integrate with a variety of observability platforms like Prometheus, OpenTelemetry, Apache Skywalking and etc. By using its connector plugins 🔌 to further analyze API performance and gain complete visibility.
  4. An observability framework for cloud-native software.

    For example, Apache APISIX can also integrate with a variety of observability platforms like Prometheus, OpenTelemetry, Apache Skywalking and etc. By using its connector plugins 🔌 to further analyze API performance and gain complete visibility.
  5. Apache APISIX is a dynamic, real-time, high-performance Cloud-Native API gateway, based on the Nginx library and etcd.

    There are many popular open-source projects available like Apache APISIX or alternative enterprise SaaS solutions such as Azure API Management, API7 Cloud in a public cloud. You can investigate the pros and cons of each to choose the more suitable one for your needs.