Benefits of Bill Payment Function to Customers
- Increased convenience, the customer can pay from any location in the country
- Saves time
- It eliminates the challenges of getting change
Benefits to the Biller
- Boosts sales and improves customer satisfaction by allowing customers to choose their preferred form of payment.
- It can increase the biller’s customer base
- Increased security
- Allows the biller to capitalize on all available payment methods
- Avoids the risk and inconvenience of having large sums of cash
- There are no service charges
- Reduces queues at the Biller’s premises
- May result in cost savings by reducing frontline headcount.
How does a Biller withdraw their money from their Billing Account?
The Biller issues a written instruction to Econet to make a bank transfer to their main bank account.