Merchants, quit throwing sales away and add 123Bill today!
 

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PRESS RELEASE
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Merchants, add more revenue easy as 1-2-3!

With the precarious state of billing for adult online merchants, there has never been a more appropriate time for a rock solid alternative payment method. Enter 123Bill. The brain-child of Brad Mitchell (SinEmpire) 123Bill is the perfect solution for any US consumer and EVERY online merchant!

123Bill is waiving the setup fee for any established merchants with existing businesses. As always, there are no length-of-term stipulations in our contracts, which leaves you with no reason not to add 123Bill as a payment method for your site. With 123Bill, the only risk you take is the risk that you?ll make more money!

How it works -
123Bill verifies customer identity through various credit reporting agencies. Once their information is verified, they receive both an e-invoice and a hardcopy invoice via postal mail, which they can pay by check or money-order. At the same time, the customer receives immediate access to your products or site. 123Bill not only handles all of the details from invoicing to collections, but also assumes all of the risk to deliver guaranteed funds to you.

123Bill uses a driver?s license and social security information to verify customer identity. This qualifies 123Bill as a true age verification service. Unfortunately, this also means that 123Bill is only viable for US customers. However, merchants worldwide are able to use 123Bill to verify and to increase revenue, as this opportunity is available to all merchants.

Having 123Bill as an alternative payment option does not compromise your current operations and affiliate network. Our technology is setup to handle one-time payments, rebills, affiliate reporting, cancellations and more.

How it adds up -
123Bill guarantees all of its merchant clients 65% gross of every sale made through the company. From the moment a credit card processor rejects a sale, that is typically lost money for a merchant. 123Bill assumes all the responsibility and risk of turning that lost sale into cash in your account. Not only do we offer merchants the chance to turn declines into viable sales, but we also attract new customers to your site. We offer the customer an opportunity to purchase online without needing a credit card, or having to worry about creditworthiness. Using 123Bill is certain to increase your revenue and allows you to make accurate economic forecasts for your company as we have guaranteed payment on each sale.

Compared to 900 and dialer solutions, 123Bill offers merchants a much more viable, versatile and profitable alternative billing solution for their US customers. Not only do we provide guaranteed payment, but there are no length-of-term stipulations in any 123Bill contract, so you have no commitment. Since 123Bill is not a ?prepaid? solution, merchants are able to seize the day with consumers? spontaneous buying habits.

We want to demonstrate how well 123Bill will work for you, so we are waiving all of the setup fees for established merchants. You have the opportunity to use 123Bill?s unique and guaranteed services with no cost or long-term obligation. Who doesn?t like a win/win situation?

Jason Stuve
Marketing Director 123Bill.com
Toll Free 866-BILL-123
Local 248-233-2045
icq: 233969317

Brad Mitchell
Toll Free 866-BILL-123
Local 248-233-2045
icq: 56950199

"How it works -
123Bill verifies customer identity through various credit reporting agencies. Once their information is verified, they receive both an e-invoice and a hardcopy invoice via postal mail, which they can pay by check or money-order. At the same time, the customer receives immediate access to your products or site. 123Bill not only handles all of the details from invoicing to collections, but also assumes all of the risk to deliver guaranteed funds to you."


I hope you mean the customer receives immediate access to your products or site AFTER payment has been made. If not, what's the incentive of them paying the e-invoice or the snail mail invoice?

nice

Good luck with it :thumbsup

Wow, seems to be a good plan, hopefully it works out as it should :thumbsup

I'm sure one of the 123Bill guys will be in here to answer this with an official response, but from what i know of the system, they will collect. They'll have all the relevant info they need to do so. But even if they don't, you still get paid.

:winkwink:

what does it matter to you? The funds are guaranteed to you from the moment of approval and it's 123Bill's problem if they don't pay.

How it adds up -
123Bill guarantees all of its merchant clients 65% gross of every sale made through the company.

That's a 35% cut... ouch.

I dont know how much luck you'll have on collecting alot of those invoices. Would any collection agency take them?

Really? hmm, didn't know that part.

Sounds like it might be a good way to salvage members that don't have CC#'s.

Looks like a nice alternative. Good work :)

great, i think i will give it a try :glugglug

65% of something beats 100% of nothing anyday because if the card is declined, you're SOL..

The problem lies in that I have noticed that when some customers get their card rejected, they whip out another card and try to pay with that...So you could have gotten another CC sale without even having to use 123bill....

But on the other hand, a lot of people only have one card so I think that I would make more money offering 123bill after the decline rather than waiting for them to pull out another credit card.

Sounds ok. Got to read the press release again...

Good luck with 123Bill tho guys.

Brad is a good straight person, from what I can tell about him.

look at it this way, 123 bill gives you an opportunity to reach a whole new set of demographics as well.

many people out there without a credit card that would pay for porn, so if you are garaunteed 65% of the revenue generated to you, (and the debt is backed by a solid company) ask yourself, is this not better than 0% by not using this resource?

the ones that can pay with a credit card already will, so it will not deduct 35% from that revenue stream.

and what about those that are not able to use a credit card processor for whatever reasons...

does 65% garaunteed with no possibility of chargebacks sound good to them? or would they prefer to not have any way to accept payment?

good luck Brad, I think it is a great option for many to take advantage of..

That's how the PR reads at least....

:thumbsup

I am a Client of 123Bill, and am thrilled with the product.
The surfer gets immediate access to your member area. As a webmaster, you are guaranteed payment, whether the guy pays the invoice or not. Shortly we will be tying 123 into our affiliate tours, so that affiliates can get an extra chance to make $$

:thumbsup

1st : If your customer pay and dosen't get it immiediatly, he will be mad
2nd : You don't want to use another fly-by-night processor . Too many arround in the past couple years

If they make a really good job it might be a good way . I'm sure that will result in a lot more sales.

We had to try 7 VALID and WORKING credit cards the other day to pay something thorough 2checkout ... there is definitly something wrong with scrubbing .

7 of my VALID cards got declined ... No fucking way everybody got 8 cards. I'm not saying it's likely to happen to everybody but I'm just saying ... wtf is wrong.

1- read above
2- While rebills are part of 123bill, we've found that 123 members are signing up for the higher ticket price points (ie- buying a long term membership and paying for it up front).
While I do not question the longevity of 123, it's always nice to get paid in advance :)

Seriously sounds awesome ... Do they just send a bill via the mail or what ?

yep- the guy gets net 30 days, and some hefty late fees if he doesnt pay.

Viva 123Bill !!

Looks great Brad, we can't wait to get it in our program :)

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.....

20-25% EXTRA in processing fees could mean the the difference between making money from a sale or losing it.

Lets take a 50/50 Deal on a $30.00 membership.

$15.00 - Affiliate payout
$10.50 - Processing Fee (123pay based on 35%)
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Site owner nets:$4.50


$15.00 - Affiliate payout
$3.75 - Processing Fee (CC based on 12.5%)
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Site owner nets : $11.25


Bad deal for affiliate programs. IF you're processing sales for your own stuff and dont have affiliates to pay out then you could be safe depending on the markup of your product.

Good concept Brad best of luck with it ... i will prolly be doing something with you soon then

Shawn.. we are talkin days now... 123Bill is being developed to work with most custom program backends as we type! ;-)

Wrong ... this isn't taking your sales away, just making new ones . that 4 $ in your pocked probably wouldn't be there without it

Chances are if you have a good site the surfer will cost you most than $4 in just bandwidth costs alone.. what about buying content, Paying employees, Rent and all the other expenses?

Lets say the surfer uses only 8GB of bandwidth.. you walk away with netting a whole $2.00 before you pay other expenses listed above.

Unless you're that hard up for $2 i would say fuck it. What if he cost one of your guys .5 hours worth of support? What if you pay that employee $10/hr? Congrats you're now in the hole for $3.00.

That's just silly. There isnt a program in the world who operates on a $/member strategy. There are just too many variables.
If that theory held water, then trials would not exist.

Did anybody mention that the billing option is open to Canadians?

Like Emma pointed out, if you're worried about your cut being "too" small, make the price of membership HIGHER if they pay via 123Bill. Duh.

That has to be one of the most stupid things i've ever read.

Do you think companies would last if each membership COST them money instead of making them money?

Big affiliates crunch these numbers everyday because if they didnt then whatever the loss on a membership is would be multiplied but amount of members they have.

Sheesh, use some commonsense my friend

Thanks for all the love everyone :)

We're very excited to be able to offer this to merchants of all sizes in every country around the world. True, 123bill is only a viable option for US residents... but that's the largest part of most merchant sales and we find that we are both attracting new customers and also turning CC declines into found money.

I'm available on the phone and over ICQ if anyone wants to chat now!

Cheers,

Brad

I see, and i'm sure surfers would love to see the CC declined page along with an option to buy the exact same thing but at 20% more.

What if you went into a store and decided to pay with cheque but they decided to charge you 20% more, would you still buy it?

Nah, a lot of people WITH CC will prefer paying with a paper invoice, by mail.

A lot of customers are 40-60 years guys that still prefer to pay the old-way.

NotJoe,

We give merchants the flexibility to choose their own pricing. If they want to set a higher rate for our payment method, that's up to them. At the end of the day, they need to deliver the value to the consumer if they want recurring billing. Tons of merchants have been charging greater amounts for 900 billing, dialers and some even on checks so to suggest that there aren't surfers that would pay a premium is just plain wrong.

If you can't be profitable with a dimished return on a net increase in sales then I suppose 123Bill might not be for you. You're the first person that has ever suggested you couldn't be. We're not here to replace all of the other viable billing methods. Our mission is to give consumers one more option to pay and merchants the ability to garner a net increase in overall sales with our new method.

Brad

We do offer recurring! ;-)

BUT.... that is entirely up to the merchant to set up payout options... and as Emma pointed out, we are seeing a LOT of surfer's opt for the higher ticket pricing when offered, without recurring....

and, we totally agree.. there is a % of potential customer's that just will NOT use their CC online, but WILL opt for a payment option that they can mail in... ;-)

See, we had a $29.95 recurring vs $34.95 non-reccuring option in the past and half the new members took the $35 bucks option, even if it's pretty easy to cancel the recurring subscription.

Why? Mostly because this industry like to screw customers, but for the same reason, I would say people will still pay 16.6% more if you give them a 'secure' way of paying the membership.