An apparatus, system, and method for advanced function usage-based billing. One embodiment of the apparatus includes a detection module, a monitoring module, and a billing report module. The detection module detects use of one or more advanced functions on a storage controller. Each advanced function includes a license-based storage function separate from a standard function set. The monitoring module monitors the detected use of the one or more advanced functions on the storage controller. The communication module communicates billable use information to a billing entity. The billable use information is based on the monitored detected use