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Recurly is a comprehensive billing platform designed for small to medium-sized enterprises but may fall short for complex usage-based billing needs, with limitations including billing configuration complexity, reduced customization options, lack of real-time data processing capabilities, scalability issues, integration difficulties, and poor customer support. In contrast, Togai offers a superior alternative with ease of use, real-time processing, high customization, flexible infrastructure, effortless integrations, and exceptional customer support, making it a more suitable choice for businesses seeking to implement effective usage-based billing systems.