![]() Companies can go bankrupt or change their business model like Zoolz did in 2020 when it phased out its lifetime offer because it was unsustainable. With no recurring payments, you don't have to worry about account suspensions or bumped prices further down the line.Ĭons: Putting all your eggs in the same basket can have unintended consequences. Pros: Lifetime cloud storage is designed to help you save money in the long run as well as remove any headache that might be associated with, well, life's little mistakes like cancelling a credit card or bank account tied with a cloud storage subscription. Lifetime Cloud Storage: What are the pros & cons pCloud for example, will not refund you if you cancel the subscription. Lifetime cloud storage is also a great way to bring in revenue almost immediately, which helps prop up your balance sheet, removing the risk of customers stopping payment and moving their custom elsewhere. “We generate a lot of publicity from lifetime deals, which is great for us as we are the newcomers in the cloud storage space.” “Lifetime deals are not really sustainable for us as a company, but they are great for the users.” one noted. Anonymously, they told us that they often do it to get more exposure and that the numbers do work out. We approached a few companies, asking that particular question. Why do companies offer lifetime cloud storage? We know of at least one company that pulled out its Lifetime offer and two household names - Amazon and Samsung - that pulled out completely of cloud storage. This is why it is often imperative for users to have a backup plan (usually by having a local copy of the files available). Just bear in mind though that lifetime, in this case, is often as long as the company operates or chooses to fulfill this particular offer. Although the initial cost can be high, it is amortized the longer you stick around - a $500 lifetime cloud storage, for example, ends up costing about $4 per month if you stay with it for 10 years (or 120 months). These offers aren't always as economically viable as they first seem - for consumer or provider.Īs the name implies, it is a pay-once-use-forever, fire-and-forget offer with no recurring charges. The gamble you’re taking with most of the providers on this page, then, is a massive investment in a nascent provider for, quite possibly, just a short-term gain. You’ll also note that ‘big-name’ providers, like Google and Microsoft, don’t offer anything like this, instead deigning to charge you by the month, or year. ![]() In this wonderful world of ecommerce, deals are commonplace, and many upstart providers will offer startlingly cheap lifetime subscriptions to drum up business and publicity. ‘Lifetime’ subscriptions to anything only really last as long as the company does. If it sounds too good to be true as a concept, well… it can be. Lifetime cloud storage, meaning a one-off payment for a bulk allowance in the realm of up to hundreds of gigabytes or tens of terabytes, is a real thing, and something, at TechRadar Pro, that we like to keep a close eye on. 16/02: All prices checked, cloud provider Ganso added.Signed a very angry, bitter, hurt MOTHER and ex customer of a money hungry company. I hope you all loose a young child I truly mean that from the bottom of my heart. There alone cost $2500 and a TV that was $3000 plus all the other expensive items it held in that storage unit and you have the audacity to continue contacting me to collect more money!!? This whole company can go to hell and rot. So who gives a flying fuck that my daughter died after we went through a very hard year of her fighting bone cancer!! All they’re concerned with was me not knowing how to communicate and collecting money. They are lying insensitive pos who didn’t want to work with me and just wanted me to get my stuff and move from the company units as notes stated. After reading these notes I hope George Kimber and James Stewart as well as Ronald Randall I hope those 3 go through 1000 times worse than I have. You guys are the most insensitive sorry SOB I have ever encountered in my life. I expressed this on several calls when I would get contacted for payment. So all of her belongings pictures etc were in that storage unit. I lost my storage space a few months back and I’m just receiving a final bill that includes all the notes from LIFE STORAGE EMPLOYEES!! Lol let me start by saying first off the last 4 years I was renting a space have been the most difficult years of my life as my 16 year old daughter passed shortly after we entered a contract with life storage.
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