Anyone use 123bill - GoFuckYourself.com

pet kangaroo · 02-15-2005, 05:23 PM

Just wondering if it's worth the effort. What are recurring rates like? Or are they good for one off sales?

Tat2Jr · 02-15-2005, 05:44 PM

Bump 'cause I'd like to hear the answers too!

MHCorey · 02-15-2005, 06:01 PM

Shoot Brad or Bill an email, they'll be able to answer any of your questions.

[email protected], [email protected]

emmanuelle · 02-15-2005, 06:18 PM

We've been very happy with 123bill!

BluMedia · 02-15-2005, 07:30 PM

123Bill has been awesome. It is great for those who do not want to pay by credit card, check etc. I am not exactly sure on retention but it seems to be doing well.

Mark

fatbaby · 02-15-2005, 07:57 PM

We would be happy to answer any questions about 123bill that you have! ;-)

We have over 60 merchants using our service at this time. They are all enjoying the additional signup's that would have otherwise gone off into oblivion! ;-)

Speedy26 · 02-15-2005, 08:33 PM

been using them for about 10 months

titmowse · 02-15-2005, 08:37 PM

123bill are righteous folk

yellowmenace · 02-15-2005, 08:41 PM

what % of total gross does it take in?

XPays · 02-15-2005, 08:52 PM

please esplain how the originating site revenue flows- you give the user 25 days to pay the bill - correct to assume that this is a fancy way to offer net 30 to surfers? works with recurring billing? # of active end-user customers using 123bill already? average percentage of invoices to received payments? do you guys factor?

the verification angle you pick reminds me of verified by ebay.

please summarize the timing and structure of the merchant payouts-

looks good at first glance- more info please

Brad Mitchell · 02-17-2005, 07:54 AM

Hi Everyone!

Thank you for expressing your curiousity about 123Bill. I'll do my best to answer all questions posed

How the process works:

Most merchants integrate us into their paysites two ways to achieve maximum throughput and effectiveness with 123Bill. Virtually all paysites these days have a "pre-join" page which gives the customer multiple payment options. Typically, this would include credit cards, checking, 900 and dialers. Some merchants also offer other smaller, niche payment methods like pre-paid accounts, etc. Our merchants include graphics and/or a link on this page to include one more option which is most often described as "Instant Access - Bill By Mail".

When the customer clicks that link they are sent to a secure one page join form on our server. The consumer picks their username, password, type of membership and gives us their information. Once they agree to our terms and click to submit our system gives them a confirmation page reiterating their "bill-to" address, price and summary. Once they agree all of the information is correct, our systems do real-time address validation and identity verification and if they pass they are granted instant access to your member's area. An email is sent to the customer reiterating their new 123Bill account information in addition to their access information pertaining to the merchant's web site. This email also reiterates their balance, payment instructions and reminds them that a bill should be in hand within the next several days.

Consumers are free to login to the 123Bill website to manage their transactions and view their statements. We print and mail statements Monday through Friday so the time between the purchase and a bill being in the mail is at most one business day. Consumers have a net 25 from the point of purchase to remit a check or money order payment and there are no additional fees for using the service.

Flexibility to Sell!

123Bill does allow for recurring transactions, cheap trials and even free trials. My experience has been that when it comes to alternative billing methods, customers are very motivated and a bit less price sensitive. I have found that the most successful offers are usually those for full monthly access. Some merchants offer more expensive version of "non-recurring" access and also longer term access in both recurring and non-recurring forms.

More about Recurring Revenue

It's hard for me to give an exact estimate of what the recurring opportunity is for every merchant. When customers are late with their payment, accounts do not renew by default. 123Bill is very consumer friendly and many customers re-sign up for sites when this happens. Sometimes, if they decide they like the process but don't like the site they subscribed to they will inquire for us to give them a list of other merchants that offer products or services in their area of interest. One of the highest areas of repeat business is most definitely live services like phone chat. Several of our merchants have a littany of repeat customers that purchase many times each month.

Once customers pay their first bill the amount of credit and transactions they can do in a 30 day period increases. When they make their second payment, that figure doubles.

Merchant Payout Schedule

We do ACH, wires and checks every Friday. There is a six week delay to start and after that merchants receive settlements weekly. Merchants receive a guaranteed payout on gross billings regardless of whether or not we have collected from the consumer. Our guaranteed payout ranges from 65% on gross billed to as low as 25% on gross billed with most merchants at a rate of 50%. We are in the business of very difficult collections and result do vary from merchant to merchant. The quality of traffic, placement on merchant sites, accuracy of the tours and consumer's satisfaction with the members areas all lend themselves to our ability to collect these debts.

The Real Opportunity

We bring new sales to every merchant that adds our process. Whether it is an addition of 2% or 10%, in every instance it is found money for merchants. We are not a replacement for credit card purchases or other payment methods. We allow a segment of the market access to your websites that in most instances would otherwise not have access. Most of our customers do not possess credit cards and only around half of them maintain checking accounts. Although they are few in number, our best customers are those that are more sophisticated and simply desiring privacy. There is a whole base of people out there that find our discreet billing attractive. It allows them to have statements sent to an alternate address so that their purchases are kept far from prying eyes and they are in control of their total liabiltiy.

02-15-2005, 05:23 PM	#1
pet kangaroo Confirmed User Join Date: Oct 2002 Posts: 246	Anyone use 123bill Just wondering if it's worth the effort. What are recurring rates like? Or are they good for one off sales?

02-15-2005, 05:44 PM	#2
Tat2Jr Confirmed User Join Date: Feb 2001 Location: Sunny California Posts: 4,882	Bump 'cause I'd like to hear the answers too! __________________ NICHE MONEY >> Ass Worship • Panties • Solo Teen • Pantyhose Serving up exclusive fetish sites since 1997!

02-15-2005, 06:01 PM	#3
MHCorey Registered User Join Date: Dec 2003 Location: West Bloomfield, MI Posts: 42	Shoot Brad or Bill an email, they'll be able to answer any of your questions. [email protected], [email protected] __________________ Just call me "3rd Base"

02-15-2005, 07:30 PM	#5
BluMedia Confirmed User Industry Role: Join Date: Dec 2002 Location: Colorado Posts: 3,973	123Bill has been awesome. It is great for those who do not want to pay by credit card, check etc. I am not exactly sure on retention but it seems to be doing well. Mark __________________ IntenseCash - If you can't convert us then you might want to look for a new job . BrokeStraightBoys.com converting 1:124 stats counted by Nats

02-15-2005, 07:57 PM	#6
fatbaby Confirmed User Join Date: Jun 2003 Posts: 486	We would be happy to answer any questions about 123bill that you have! ;-) We have over 60 merchants using our service at this time. They are all enjoying the additional signup's that would have otherwise gone off into oblivion! ;-) __________________

02-15-2005, 06:18 PM	#4
emmanuelle Confirmed User Join Date: Mar 2003 Location: Oh Canada! Posts: 3,662	We've been very happy with 123bill!

02-15-2005, 08:33 PM	#7
Speedy26 Confirmed User Join Date: Apr 2001 Location: MI Posts: 950	been using them for about 10 months

02-15-2005, 08:37 PM	#8
titmowse Confirmed User Industry Role: Join Date: Jan 2001 Location: TEXAS Posts: 5,320	123bill are righteous folk __________________ I still love everybody

02-15-2005, 08:41 PM	#9
yellowmenace Confirmed User Join Date: Jul 2003 Location: Los Angeles Posts: 1,141	what % of total gross does it take in? __________________ Yellow Menace icq# 322981173

02-15-2005, 08:52 PM	#10
XPays Team Player Join Date: May 2004 Location: Inside the most accurately counting and reporting affiliate system in the world at XPays.com Posts: 13,002	please esplain how the originating site revenue flows- you give the user 25 days to pay the bill - correct to assume that this is a fancy way to offer net 30 to surfers? works with recurring billing? # of active end-user customers using 123bill already? average percentage of invoices to received payments? do you guys factor? the verification angle you pick reminds me of verified by ebay. please summarize the timing and structure of the merchant payouts- looks good at first glance- more info please __________________ InterNext Expo Domain Auction Live Now thru Feb 5 HuntingMoon GFY Domains Marketplace is LIVE XPays always pays! Top Site: * RealJasmine.com * + HotelHeiress® with The Paris Hilton Sex Video Insert the HotelHeiress® HD FEED into your members areas XPin.com Opening for Pin Partners Soonish Mainstream Offers For Emailers and DomainersNONADULT.COM Like Us!

02-17-2005, 07:54 AM	#11
Brad Mitchell Confirmed User Industry Role: Join Date: Nov 2001 Location: Southfield, MI Posts: 9,812	Hi Everyone! Thank you for expressing your curiousity about 123Bill. I'll do my best to answer all questions posed How the process works: Most merchants integrate us into their paysites two ways to achieve maximum throughput and effectiveness with 123Bill. Virtually all paysites these days have a "pre-join" page which gives the customer multiple payment options. Typically, this would include credit cards, checking, 900 and dialers. Some merchants also offer other smaller, niche payment methods like pre-paid accounts, etc. Our merchants include graphics and/or a link on this page to include one more option which is most often described as "Instant Access - Bill By Mail". When the customer clicks that link they are sent to a secure one page join form on our server. The consumer picks their username, password, type of membership and gives us their information. Once they agree to our terms and click to submit our system gives them a confirmation page reiterating their "bill-to" address, price and summary. Once they agree all of the information is correct, our systems do real-time address validation and identity verification and if they pass they are granted instant access to your member's area. An email is sent to the customer reiterating their new 123Bill account information in addition to their access information pertaining to the merchant's web site. This email also reiterates their balance, payment instructions and reminds them that a bill should be in hand within the next several days. Consumers are free to login to the 123Bill website to manage their transactions and view their statements. We print and mail statements Monday through Friday so the time between the purchase and a bill being in the mail is at most one business day. Consumers have a net 25 from the point of purchase to remit a check or money order payment and there are no additional fees for using the service. Flexibility to Sell! 123Bill does allow for recurring transactions, cheap trials and even free trials. My experience has been that when it comes to alternative billing methods, customers are very motivated and a bit less price sensitive. I have found that the most successful offers are usually those for full monthly access. Some merchants offer more expensive version of "non-recurring" access and also longer term access in both recurring and non-recurring forms. More about Recurring Revenue It's hard for me to give an exact estimate of what the recurring opportunity is for every merchant. When customers are late with their payment, accounts do not renew by default. 123Bill is very consumer friendly and many customers re-sign up for sites when this happens. Sometimes, if they decide they like the process but don't like the site they subscribed to they will inquire for us to give them a list of other merchants that offer products or services in their area of interest. One of the highest areas of repeat business is most definitely live services like phone chat. Several of our merchants have a littany of repeat customers that purchase many times each month. Once customers pay their first bill the amount of credit and transactions they can do in a 30 day period increases. When they make their second payment, that figure doubles. Merchant Payout Schedule We do ACH, wires and checks every Friday. There is a six week delay to start and after that merchants receive settlements weekly. Merchants receive a guaranteed payout on gross billings regardless of whether or not we have collected from the consumer. Our guaranteed payout ranges from 65% on gross billed to as low as 25% on gross billed with most merchants at a rate of 50%. We are in the business of very difficult collections and result do vary from merchant to merchant. The quality of traffic, placement on merchant sites, accuracy of the tours and consumer's satisfaction with the members areas all lend themselves to our ability to collect these debts. The Real Opportunity We bring new sales to every merchant that adds our process. Whether it is an addition of 2% or 10%, in every instance it is found money for merchants. We are not a replacement for credit card purchases or other payment methods. We allow a segment of the market access to your websites that in most instances would otherwise not have access. Most of our customers do not possess credit cards and only around half of them maintain checking accounts. Although they are few in number, our best customers are those that are more sophisticated and simply desiring privacy. There is a whole base of people out there that find our discreet billing attractive. It allows them to have statements sent to an alternate address so that their purchases are kept far from prying eyes and they are in control of their total liabiltiy. More questions for me? Cheers, Brad __________________ President at MojoHost \| brad at mojohost dot com \| Skype MojoHostBrad 71 industry awards for hosting and professional excellence since 1999

02-17-2005, 08:08 AM	#12
Tat2Jr Confirmed User Join Date: Feb 2001 Location: Sunny California Posts: 4,882	Hmmmm, sounds very interesting. I'm finishing up setting up WTS to work with NATS. After that I'll give you guys a call! __________________ NICHE MONEY >> Ass Worship • Panties • Solo Teen • Pantyhose Serving up exclusive fetish sites since 1997!

02-17-2005, 08:22 AM	#13
Brad Mitchell Confirmed User Industry Role: Join Date: Nov 2001 Location: Southfield, MI Posts: 9,812	Great! Also, I forgot to mention that we are integrated with NATS, MPA and X3. We are integrated with several merchants that also have proprietary systems and looking forward to integrating with Brad Shaw's new system once they have the time to work with us. Cheers, Brad __________________ President at MojoHost \| brad at mojohost dot com \| Skype MojoHostBrad 71 industry awards for hosting and professional excellence since 1999