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I'm going to try to address the questions posed here, but forgive me if I miss one or two in this first pass! ;-)
123Bill DOES give the member immediate access, once they pass our verification process, and the merchant is THEN guaranteed payment for that member..... PERIOD. We assume the liablilty of collections, and frankly, that has NOT been an issue on our end with the merchant's that have been using the system for the past couple months! ;-)
Our system is designed to be an ALTERNATIVE to loosing sales from declines, although there are merchants using this as a major option.
There are a LOT of comsumers that just will NOT give out CC info online.... and without an alternative that is attractive to them, those are LOST SALES.
We are offering a system that will capture some of those sales. THAT MEANS FOUND MONEY.
SO, you may think the percentage is high, but as was pointed out.... Something for nothing is a pretty attractive alternative to a lot of merchants, and we have NOT had any problems finding Programs and merchants that want to take advantage of this fact! ;-)
IF anyone has questions, we are available anytime to answer them for you.....
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