Benefits of  Biller direct payment

Vincent Polim 2301922404

Benefits of  Biller direct payment

Advantages in using biller direct payment model, in this era most people already have mobile phones where there are already many merchants and companies that sell online, with the sale online then the company has a system that has been implemented, wherewith this system the company will get an advantage compared to other companies that still do not lend this direct payment system,  The advantage that can be obtained from the company or seller itself is to give consumers more options to pay and become more flexible because it can be accessed from mobile phones owned by customers, because using this system the price to be paid by the company will also be reduced because in doing business online will save more operating costs such as paper and shipping costs,  The most profitable thing is collecting income.

In every system of course has some shortcomings where direct biller has a problem where with many bills coming in, consumers must look at and book each site to check the bills received therefore consumers will spend more time doing the task and will be more dizzying for consumers because of the number of sites that must be accessed and each site certainly has its own username and password. The thing that is certainly a problem is the cost that must be incurred to use the model because the model, design has a large cost.

For example, this direct biller we can find in insurance, with the process of direct biller distribution, consumers will be more time-saving where by using this system they simply use the credit card owned and fill it with enough money than the cost of insurance every month will be automatically paid every month, this is very saving time and consumers do not need to read the documents sent.

Biller direct method is a popular method among sellers, because in terms of system and also access biller direct is a system that is growing rapidly and because in this era also most people have a phone that is used every day and can transact from the phone will be easier and more efficient for them because it saves time.

Reference:

KANGAN, J., 2020. Electronic Bill Payment & Presentment (EBPP). [online] Investopedia. Available at: <https://www.investopedia.com/terms/e/electronic-billpayment-presentment.asp> [Accessed 17 March 2021].

Watters, B., 2020. What the Rise of the Mobile-Only Customer Means for Biller Direct –  Aliaswire. [online] Aliaswire. Available at: <https://www.aliaswire.com/what-the-rise-of-the-mobile-only-customer-means-for-biller-direct/> [Accessed 17 March 2021].