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PAYG or RCS for Wasabi?

PAYG or RCS for Wasabi?

Wasabi provides a cloud storage service that is scalable, secure, and cost-effective. Its solutions are built on high-performance architecture, which offers robust data durability.

We have previously written why Wasabi’s pricing model makes it a great pick for partners and in this article, we’ll go into a bit more detail about choosing between Wasabi’s consumption models.  

 

 

  • Understanding Wasabi Hot Cloud Storage consumption models
  • Key features of Wasabi PAYG
  • When to use PAYG
  • Key features of Wasabi RCS
  • When to use RCS
  • How to choose PAYG or RCS
Understanding Wasabi Hot Cloud Storage Consumption Models

Understanding Wasabi Hot Cloud Storage Consumption Models

Wasabi offers two consumption models – Pay as You Go (PAYG) and Reserve Capacity Storage (RCS).

When comparing Wasabi’s PAYG and RCS models, it is crucial to determine the scale of data storage required by your business, your budget, and future storage requirements.

Key Features of Wasabi PAYG.

  • No upfront commitment: Paying only for the storage that is written into Wasabi Object storage. 
  • Flexible and scalable: Useful where storage demand might be unpredictable or can vary significantly from one time to another. 
  • No egress fees or API request fees: As with all Wasabi’s services, there is no charge for egress and API requests to users. 
  • Monthly billing: You are charged monthly for the storage you have consumed the previous month (Minimum of 1TB per sub account). 

When to use PAYG.

  • Unpredictable Storage Needs: If your storage requirements fluctuate significantly, the best choice is PAYG because it does not tie customers to long-term contracts while allowing them to increase or decrease their usage. 
  • Small to Mid-sized Businesses: Businesses that are just starting with cloud storage or have smaller data footprints might prefer PAYG to avoid large upfront costs. 
  • Testing and Development: For simple testing or where one only requires Wasabi for a limited amount of time, PAYG is perfect as one can avoid making long term commitments. 
  • Seasonal or Temporary Workloads: Some organizations that experience fluctuations in storage demand such as during a festive season or a certain period of the year find this model beneficial because it scales with storage utilization. 
Key Features of Wasabi RCS.

Key Features of Wasabi RCS.

  • Discounted Pricing: RCS offers lower pricing compared to PAYG in exchange for committing to a minimum of 25TB of storage capacity over a specified term (1, 3, or 5 years). 
  • Predictable costs: You know the exact amount of money to be paid for the storage over the term. This aspect sometimes provides budgetary certainty. 
  • Prepaid model: RCS involves a ‘lump sum’ pricing model where the client pays in advance for a specified term and capacity. 
  • Scalable: If your storage requirement increases during the term, additional capacity can be pre-arranged. 

When to use RCS.

  • Large or Growing Data Storage Needs: If you have consistent long term storage requirements, RCS can offer a more cost-effective solution compared to PAYG. 
  • Cost-Conscious Organizations: RCS is preferable for organisations that want to save money on cloud storage over time by committing to a fixed amount of storage. 
  • Long-Term Projects: RCS is most suited for projects or industries that have a continuous flow of data (for instance, security surveillance, medical imaging, compliance information, etc). 
  • Budget Stability: For instance, if you require forecasting and a control of your long-term cloud storage costs, RCS provides fixed pricing, which eliminates the sudden surge in the cost. 
Key Selection Factors

Key Selection Factors

Factors

Storage Usage

Billing

Budget

Cost

Ideal for

PAYG

Fluctuating or unpredictable

Monthly, based on usage

Flexible, no long-term commitment

Higher per TB for long-term storage

Short or long-term projects, testing, seasonal spikes

RCS

Consistent and predictable

Upfront for a term (1, 3 or 5 years)

Lower cost per TB, requires commitment

Lower per TB for long-term storage

Long-term projects, stable data growth, budget conscious organisations.

Talk to your Cloud TAG team today

Talk to your Cloud TAG team today

Keen to know more about how Wasabi Hot Cloud Storage can work for you and your customers?  Get in touch here.

 

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