Some people may prefer to pay in advance for a year (or more) of CMC service. This could be particularly useful for people who prefer to use virtual credit card numbers online, in order to protect themselves from fraud. The only issue with virtual credit card numbers is that they usually expire after a short period of time, which prevents them from being used for monthly subscriptions.
While not a required part of the request, a yearlong prepay might also allow Wyze to offer a small discount. This could add a bit more value without necessarily sacrificing any profit, since the processing fees eat a larger portion of a small transaction than a large one.
Edit: Since the mods included multi-camera bundles in the title, I figured I should add it to the body of the message as well. It’s a good idea. Maybe an “unlimited devices” option if it makes financial sense, or a price for “up to 5 cameras,” up to 10 cameras," “up to 15 cameras,” etc.