New Billng Co. (Feedback)
 

I ran across this new billing option, avapay.com. Is this the future of our biz?


Today our company can resolve this problem by acting as a link between the seller and the customer. On the one hand, we do not sell any access, or services, or goods. What we do offer is an online equivalent of your real money, which will be received by the owner of the resource only in case you are satisfied with services provided or successfully receive purchased goods. On the other hand, you get access to goods and services only in case you are a legal owner of the money you have paid for electronic chips. The owner of the resource receives payment only for activated electronic chips, i.e. only in a case his/her users have received everything they were promised.


BENEFITS FOR THE CUSTOMER

The most important benefit of E-chips is that the customer does not have to use his/her credit card on multiple websites to purchase different goods or services.
The credit card is used only once - to buy E-chips. After that, the customer can use E-chips to anonimously purchase any service or product from any participating website.
With the help of our support service, any customer may restore any cleared E-chip if the service or product were not delivered properly, in case the term of the service has not expired.
OTHER BENEFITS FOR CUSTOMERS

The system permits:

Real-time transaction reports (demonstrating the balance of remaining E-chips).
Sign-up completion within 1-3 days.
Easy setup.
Instant sales notification.
E-chip Solutions accepts all major credit cards.
BENEFITS FOR THE OWNERS OF PARTICIPATING WEBSITES

The owners of participating sites "receive payment" by clearing E-chips.
However, because E-chips have already been purchased, participanting merchants essentially avoid the possibility of frivolous chargebacks.
Moreover, because the E-Chips System uses Visa and Mastercard customer authentication services, the possibility of fraudulent card usage is practically zero.
Therefore, the system is chargeback-free, as it avoids "credit card fraud".
OTHER BENEFITS FOR THE OWNERS OF PARTICIPATING WEBSITES

Customized signup forms for merchants.
Full support for recurring billing.
Customized solutions for selling memberships/products and/or services.
Password management tools.
Site owners do not have to sign up with different credit card companies and do not have to open multiple merchant accounts.
Unlimited processing volumes.
Fewer declines - more sales.

Until a company automatically debits peoples credit card or bank account to pay for recurring these "solutions" aren't solving anything.

I understand the extra step is a pain in the ass for the surfer, but it seems to be an "option" as I said, that might come to light.
In forsight, the concept is good. I am going add it on as an option to a couple of my sites and see what happens.