How does PayByBank EBPP work?

• Each customer’s billing cycle is electronically sent to WD Net’s PayByBank system, a fast, secure and efficient way to process business data and billing information. 

• PayByBank supports both on-line and batch authorization for payments.

• With PayByBank, the biller determines which payment options are best for their business.

• PayByBank customers initially view the bill summary and then open the summary for details. Payment status shows each bill as being "paid", "unpaid", "partially paid" or "do not pay". The customer can also review past statements and trend analysis.

• PayByBank can accept customer credit card payments and direct bank debits. The biller determines whether customers pay minimum, full, or any amount of their bill.

WD NET’s PayByBank saves money and improves your cash flow.

• It is estimated that businesses spend between .50 to $1.50 per bill to process monthly bills. Compiling paperwork for transactions, mailing bills, waiting for payments to return and be posted all cost time and money.

• Presenting and paying bills on line saves time, postage, improves your cash flow, and reduces bill cycle float.

• Your customers can securely access their bills at their convenience, 24 X 7.  They can view their bills or pay on line with their web browser.

PayByBank puts you in a better market position in relation to your competitors.

• Merges with your existing billing system by extracting data from your print streams.

• Turns formerly high-cost billing procedures into a revenue-generating operation.

• Supports on-line and batch authorization for payments.

• Is scalable to all sizes of business and customers and can grow as your business grows.

PayByBank can be branded as a product of any financial institution or business offering EBPP to their customers.  This makes it an effective marketing tool for reaching and servicing loyal customers.

• Business can target specific customer groups for special promotions, banner ads or email offers.

• Businesses can use the billing process to gather marketing intelligence in real time. Customer profiles can help tailor specific products and services.

• Targeted email messages and banner advertisements are a quick and inexpensive means to promote new offerings to specific individuals, groups or an entire customer base.

PayByBank saves document storage space, postage and courier fees.

• Traditional business billing involves a lot of paper documentation, takes time for processing, mailing, receiving payments and warehousing documents. 

• Customers will save time budgeting, writing, mailing or delivering bills, and storing documentation.