Prepay for future usage of Premium Data with Premium Data Credits
We simplified our pricing! We now offer the new Individual and Business plans and refer to messages as “credits.” Credits work the same as messages – we only changed the name. For users that signed up before February 16, 2021, you can learn more about these changes here.
Furthermore, you can learn more about the difference between credits and Premium Data credits here.
About Premium Data credits
Premium Data credits are a payment method on IEX Cloud where you purchase Premium Data usage upfront in bulk. You can choose how much you purchase in advance based on your anticipated usage of Premium Data, and add more Premium Data credits as you go.
For Individual and Business plans, Premium Data credits are the only payment method for Premium Data.
For our legacy plan customers, you also have the option of using our legacy pay-as-you-go credits to purchase Premium Data. The legacy Launch, Grow, and Scale plans will allow you to use a certain number of pay-as-you-go credits every month for purchasing Premium Data. For usage beyond that amount, you will need to use prepaid Premium Data credits as your payment method. Learn more below.
How do I purchase Premium Data credits?
To view the Premium Data credits option, you must be logged in as an account admin. Navigate to the Add Ons tab of the IEX Cloud Console. You can select how much credit you would like to purchase, with a $20 minimum. There is no limit on how many Premium Data credit packages that can be purchased at a time. After you complete your purchase, Premium Data credits will be valid for one year.
Note that Premium Data credits are available for use after purchase beginning the first day of the upcoming month. For instance, if you purchased $200 worth of Premium Data credits on April 15th, 2020, this credit would be applied to your account and available starting May 1st, 2020 – the first day of the upcoming month – and would be available for use until May 1st, 2021.
Premium Data credits are available with IEX Cloud paid plans only.
How much data usage do I get with each dollar of Premium Data credits?
When you purchase Premium Data credits, you’ll notice that you purchase in dollar amounts. Our Premium Data endpoints, on the other hand, are priced in credits. For instance – you might purchase $50 worth of Premium Data credits, with the plan of using a Premium Data endpoint with a data weight of 100,000 credits per API call.
For our Business and Individual plans, you purchase credits for Premium Data use at $1 per 1 million credits. For instance, $20 would provide 20,000,000 credits.
For our legacy plans, the dollar-to-credit conversion depends on your plan. Premium Data is charged at the cost of your pay-as-you-go credit rate:
Launch: $1 per 1 million credits
Grow: $1 per 2 million credits
Scale: $1 per 3 million credits
When can I apply my Premium Data credits?
Premium Data credits can be applied towards Premium Data only, and cannot be used towards your Core Data subscription or add-ons, except from widgets. Premium Data credits can be used for up to 12 months from the time of purchase.
For instance, if you purchase Premium Data credits on March 1st, 2020, they will expire after March 1st, 2021. Note that unused credits cannot be returned as a refund.
Where can I see how much credit I have remaining?
Premium Data credits vs. pay-as-you-go credits (For legacy Launch, Grow, and Scale plans only)
For our legacy Launch, Grow, and Scale plans, there are two methods for purchasing Premium Data: Premium Data credits and pay-as-you-go credits.
Premium Data credits can be used towards Premium Data only – credits can be purchased in advance in bulk, rather than paying for Premium Data as you use it. You can choose how much you would like to purchase upfront based on your expected usage of Premium Data. After purchasing Premium Data credits, that balance will be applied to your Premium Data usage for the next 12 months.
You can also pay for Premium Data as you need it using pay-as-you-go credits. Pay-as-you-go credit usage is billed at the end of each month. For each subscription tier, there is a limit for how many pay-as-you-go credits you can use in a month. Consuming credits beyond this monthly limit will require that you purchase prepaid premium data credits. Learn more about pay-as-you-go credits here.
When do I need to use Premium Data credits? (For legacy Launch, Grow, and Scale plans only)
Depending on your plan and the amount of Premium Data usage, Premium Data credits may be the required payment method. For each subscription tier, there is a monthly limit on how many pay-as-you-go credits you can use for Premium Data. To continue using Premium Data after that limit, you will need to purchase Premium Data credits. Those pay-as-you-go limits are outlined below:
Launch: 50 million pay-as-you-go credits per month (equivalent to $50 at $1/1 million credits)
Grow: 100 million pay-as-you-go credits per month (equivalent to $50 at $1/2 million credits)
Scale: 3 billion pay-as-you-go credits per month (equivalent to $1,000 at $1/3 million credits)
If you have not reached any of the limits above, and you use all your Premium Data credits, pay-as-you-go credits will automatically be used for additional Premium Data usage. If you want to prevent IEX Cloud from automatically using pay-as-you-go credits, you can enable a monthly credit budget. You can also purchase additional Premium Data Credits at any time.
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