|
|
Business-to-Consumer (B2C) Billing Services
Billtrust eLockbox
There has been extraordinary growth in the number of consumers and businesses
that pay their bills online. Banks are aggressively promoting online
bill pay as a way to attract and retain customers. What most people don’t
realize is that over 40% of online bill payments wind up as paper
checks that are mailed to billers. This inefficiency increases both the time it takes
for you to receive the payment and the back-end cost of processing.
Billtrust eLockbox allows you to benefit fully from online bill payment. You get a single
connection with access to virtually every online bill pay network. No matter
how your customer originates payment (their Bank, Third Party Payment Sites,
QuickBooks, Quicken, Walk In Payment Centers) you receive the payment electronically
overnight, rather than have to deal with paper. This means you can transform
the costly, paper checks you are receiving into an efficient electronic format.
Benefits of Billtrust eLockbox:
- Receive Payments Faster: Payments are deposited electronically every day into your designated bank account. Funds are settled within 24 hours.
- Reduce Processing Costs: Eliminate the inefficient processing of paper checks.
- Less Expensive than Credit Cards: Billtrust eLockbox is a lower cost alternative than the fees associated with credit card payments.
- Customer Friendly: Allows your customers to settle their open balances quickly.
- Eliminate Risk: All payments you receive represent good funds. No bad checks!
- Go Green: Positive impact on the environment by eliminating paper (checks, envelopes, stamps).
|
