High bill presentment costs (printing, paper and courier)
Banking hours dependency
Longer settlement cycles
Solution (product or service)
Blinq automates and digitizes the entire invoice to the payment cycle. Our bill presentment and reconciliation engine are integrated with a multitude of payment acceptance points, enabling businesses to disseminate digital bills, and collect and settle payments from a wide range of channels with real time reconciliation.
The revenue stream is based on setup costs, recurring subscription charges, and transactional service charges earned through a fee borne by merchants and/or their customers. On an average per merchant revenue is as below:
• Setup Cost: USD 50
• Annual subscription revenue: USD 400
• Transactional revenue is subject to the volume and value of the transaction which can be anywhere between USD 0.30 for a payment size of up to USD 62.5 to USD1.5 for a payment size greater than USD 6,250.