-The Azure Key Vault Standard and Premium tiers are billed on a transactional basis, with an additional monthly per-key charge for premium hardware-backed keys. Managed HSM, Cloud HSM Preview, Dedicated HSM, and Payments HSM don't charge on a transactional basis; instead they are always-in-use devices that are billed at a fixed hourly rate. For detailed pricing information, see [Key Vault pricing](https://azure.microsoft.com/pricing/details/key-vault), [Dedicated HSM pricing](https://azure.microsoft.com/pricing/details/azure-dedicated-hsm), and [Payment HSM pricing](https://azure.microsoft.com/pricing/details/payment-hsm).
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