Recent study of online consumers revealed that 43% of shoppers abandoned their orders before checkout No matter what the size your online business the phone bill alternative will have a major impact on your bottom-line Ensure that more of your online shoppers complete their purchase with more payment options Online buyers want choices – especially when it comes to paying for services.
Simplifies the check out experience, makes tracking easy and saves time and money by paying one bill for multiple purchases
LEC billing is a viable option and now open to new services Market lends great opportunities for future growth through digital content services
www.ildteleservices.com www.ildtelecom.com ILD Teleservices Growing Subscribers With Supplemental Payments: An Introduction to Phone Billing
“ Bill to Phone affords consumers purchasing digital goods and communications services a convenient payment alternative to credit cards. With the current financial unrest and issues in the credit card market, more digital merchants are relying on alternative payment options, like ILD’s phone billing, to provide lift.” Dennis Stoutenburgh, ILD’s President & COO
Supplemental payment option for merchants, enabling subscribers to purchase services and charge it directly to their home phone bill, without using a credit card.
Why use ILD’s Bill to Phone?
Increases merchant’s conversions by up to 25% at checkout.
How does it work?
Simple 3 steps.
1 2 3
ILD manages the electronic payment needs of hundreds of merchants in North America. With an annual processing volume reaching more than a half of a billion dollars , ILD helps merchants reach a new audience of buyers , while delivering first class customer support.
Industries We Serve Music Dating Software Donations Downloads Periodicals Gaming Telecom & ISP Movies … subscriptions , hosting, archives, search, and more. Option to Charge to Phone
Value Proposition Features of Bill to Phone Payment Benefits Supplemental Payment Option Increase revenue by up to 25% and drive subscriber growth. User Validation More predictable revenue streams by preventing unauthorized transactions at the time of sale. Low Risk Billing Alternative No upfront costs, no capital investment, and no need to budget company funds. Reach a currently unattainable market Reach 23% of US households that do not have a credit card. Alternative to credit card payment Increase checkout conversion rates with access to 40% of Internet users currently abandoning checkout. Quick and Easy Check Out More likely to remember a phone number than credit card.
Like a credit card company, ILD acts as an agent to transfer funds between buyers and merchants.
End-user makes a purchase from Merchant via Bill-to-Phone
Merchant validates the billing data with ILD via third-party consumer identification information and the service is delivered
Merchant submits transaction data to ILD for processing in 1 to 30 days
ILD submits the billing information to the LEC for processing
LEC processes and sends the bill to the subscriber
Subscriber pays the LEC
LEC remits funds to ILD net of fees
ILD settles with Merchant net of fees, costs and reserves
1 LEC Makes purchase from Merchant Delivers subscription Settles with Merchant net of fee, costs and reserve Remits funds for purchase from Merchant net of LEC fee and reserves Submits billing info Pays bill Submits phone bill which includes purchase from Merchant 2 8 3 7 4 5 $ $ $ Submits transaction data Merchant
Grow Your Business Through Simple and Predicable Phone Bill Payments Bill to Phone Capture more subscribers with simple Bill to Phone payment option