Through this agreement, Fifth Third Processing Solutions can refer the payment alternative to its merchant processing customers and eBillme will have access to extend its payment product offering to more online retailers. And, with current economic conditions affecting consumer credit, eBillme is positioned to give merchants an appealing cash option to offer to customers looking to manage their spending and limit their debt.
"Extending payment option offerings at the online checkout is critical for online retail businesses to attract customers, increase orders and improve satisfaction and loyalty," says Donald Boeding, President of Merchant Services for Fifth Third Processing Solutions. "We believe our customers will see eBillme as a very appealing payment solution. We look forward to working with the eBillme team and to extending this payment option to our customers."
eBillme transactions occur securely, bank to bank, with no personal or financial information required or transmitted over the Internet. Because shoppers pay directly from their online bank account, they don't release any financial information online. This helps consumers manage their spending and debt, while better safeguarding themselves from identity theft and fraud risks. eBillme's Buyer Protection Program takes security a step further. Provided at no cost to shoppers and retailers, the buyer protection features have the same or a better level of buyer protection than premium credit cards. Protection features include a return guarantee, price guarantee, in-transit protection, and fraud protection. Consumers can shop with confidence knowing their eBillme transaction is guaranteed and protected.
"The eBillme transaction model is uniquely designed to meet merchant demand under the current conditions of the economy to serve as a more secure way to pay cash online," says Marwan Forzely, President and CEO of eBillme. "We are very excited to be working with Fifth Thirhird Processing Solutions to hirhird Processing Solutions to extend our payment alternative to their leading retail customers. eBillme gives merchants an opportunity to reach more customers and drive revenue while offering the industry's lowest transaction fees."