Quote:
Originally posted by cheeky
Out of curiosity - can you handle mainstream products?
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We sure do... and we can also process for phone sex, live web cams, anything you can think of. If it's legal and a good value to the consumer, we'll process for it.
To answer the question about 1 in how many sales would be 123bill, I'm not the guy to BS anybody about numbers.. What we are seeing so far is varied results at our merchants. Some promote more prominently than others, some have differences in the traffic makeup.
What we are definitely seeing across the board is that everyone is increasing sales, whether it's 1% more or 10% more, our goal is to add to your bottom line. Promoted properly, I believe merchants can conservatively add 3-5% to their gross sales. If you can't find something to do with the added margin, I'm sure your competitors can! lol
Time and volumes will give us more precise numbers. We've only been offering this commercially to merchants for the last two months. Once we have more volume under our belts and I can do what I feel is an adequate statistical analysis after processing tens of thousands of transactions, I'll share the facts as I see them. Since we're pioneering new territory, I believe it's prudent to be conservative every step of the way so we can educate merchants properly - for now and always.
The figures I am excited to share in "general" is that raw visits to our buy page convert into approved transactions at higher rates than what I have ever seen with credit card processing - double digit close rates. So, for those people that do click over to the "Instant Access, Discreet Bill By Mail" page from your site, many will become paying (and recurring!) customers.
It's very exciting to be a part of this, it truly feels like virgin territory and our team gets jazzed every day as the business continues to grow and our merchant base gets larger and larger. I really believe that this process will revolutionize online buying and the only question for those transacting business is will they add it now or later... either way, I expect to see everyone as customers eventually!
Cheers,
Brad