ALERT

[FREE DEMO] Deploy Your Enterprise Cloud in Minutes

Pay As You Go (PAYG)

Definition - What does Pay As You Go (PAYG) mean?

Pay As You Go (PAYG) is a utility computing billing method that is implemented in cloud computing and geared toward organizations and end users. A PAYG user is billed for procured, rather than actual, computing resources. The PAYG mechanism is derived from utility computing.

PAYG is also known as Pay & Go, Pay Per Usage, Pay Per Use or Pay-As-You-Use.

Techopedia explains Pay As You Go (PAYG)

PAYG allows a user to scale, customize and provision computing resources, including software, storage and development platforms. Resource charges are based on used services, versus an entire infrastructure.

Public cloud resources approach and apply the PAYG model differently. For example, a user provisioning a dedicated cloud server is generally billed according to server power and usage and on a recurring basis. Software as a Service (SaaS) works similarly, where a user leases software and customized features. Storage as a Service (SaaS) billing rotates on a frequent basis because storage requirements increase are usually subject to gradually increased pricing.

Techopedia Deals

Connect with us

Techopedia on Linkedin
Techopedia on Linkedin
Tweat cdn.techopedia.com
"Techopedia" on Twitter


'@Techopedia'
Sign up for Techopedia's Free Newsletter!

Email Newsletter

Join thousands of others with our weekly newsletter

Resources
The 4th Era of IT Infrastructure: Superconverged Systems
The 4th Era of IT Infrastructure: Superconverged Systems:
Learn the benefits and limitations of the 3 generations of IT infrastructure – siloed, converged and hyperconverged – and discover how the 4th...
Approaches and Benefits of Network Virtualization
Approaches and Benefits of Network Virtualization:
Businesses today aspire to achieve a software-defined datacenter (SDDC) to enhance business agility and reduce operational complexity. However, the...
Free E-Book: Public Cloud Guide
Free E-Book: Public Cloud Guide:
This white paper is for leaders of Operations, Engineering, or Infrastructure teams who are creating or executing an IT roadmap.
Free Tool: Virtual Health Monitor
Free Tool: Virtual Health Monitor:
Virtual Health Monitor is a free virtualization monitoring and reporting tool for VMware, Hyper-V, RHEV, and XenServer environments.
Free 30 Day Trial – Turbonomic
Free 30 Day Trial – Turbonomic:
Turbonomic delivers an autonomic platform where virtual and cloud environments self-manage in real-time to assure application performance.