Is Storage Capacity for video hosting renewed monthly?

Hello,
I know that it costs 5$ for hosting 1000 Minutes of videos. However, it is not clear if it is one time payment or it is monthly subscription?

If it is monthly subscription, Does this storage capacity reset every month? or i will need to pay 5 $ per month with having the ultimate storage capacity at level of 1000 minutes?

If you store 1000 minutes, for each month that you are storing the content you will be billed $5. If you delete the content you will stop being billed for that storage.

You will be billed separately for the sum total viewed time by your users.

Thank you for answer!

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