The cost of a virtual data room can vary depending on features and how they are used. Some VDRs are able to be used by nontechnical personnel and others require specific training. Some VDRs have advanced security features that could raise the cost of usage. The number of admins and whether they have access to all files or not are also factors. Certain VDRs also have integrations that speed up workflows and can add to the overall costs.
Most VDR vendors charge a flat fee for the number of users, projects, and storage that is included in the tariff plan. This is the most common pricing method, and it provides greater financial flexibility. It is also possible to buy additional storage gigabytes at a reduced price.
Some providers offer upload fees per page that ranges between $0.40 to $0.85 and is ideal for smaller projects that know how many documents they need to store. This type of model can be costly if a company’s storage capacity is over.
Some VDRs allow you to pay either monthly or annually, with annual payments saving you up to 30%. Some providers offer discounts during the season. The availability and response times of the customer support staff are also important factors to take into consideration. Select a provider that has a skilled technical support team who can respond to questions via email, live chat, or phone around the clock and in multiple languages. Select a VDR provider that has mobile apps that make it easier to access and use the VDR on any device.