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4 Benefits of Using a Biller Aggregator in The Era of Increasing Cashless Transactions

15 July 2022 Admin Marketing Blog

The demand for online payment systems is increasing among the general population. Unsurprisingly, non-cash transactions have increased, and this process is also extremely simple for business clients. Customers can utilize the online payment method to acquire the desired product or service. Similarly, businesspeople also use such instances to develop a company. Businesses can provide a method for receiving and processing customer payments.

This is possible through the use of the payment acceptance service. Providing various payment services is admittedly a challenging task. It is considering that the risk of fraud is rising in the present day. As a result, business owners require a billing aggregator provider that facilitates the payment process and ensures transaction security. So, what is a biller provider aggregator exactly?

Biller Provider Aggregator or Biller Aggregator

A biller provider (biller) aggregator is a business model that acts as a mediator between the merchant and the party receiving payment. This payment system is referred to as an aggregator because it offers payment services for multiple banks without requiring opening a bank account. And hence, biller aggregators are third parties that collect all merchant transactions through a single account.

By the existence of a biller aggregator, business owners are no longer responsible for handling non-cash transactions. In the meantime, customers can use various electronic payment methods to complete payment transactions via a biller aggregator. As a result, those who utilize biller aggregators can operate their businesses more efficiently and transact with customers more effectively. In addition, business players are not required to manage the payment process regularly.

Benefits of Using a Biller Aggregator

In the midst of a growing demand for non-cash payments, businesses will benefit from implementing a non-cash payment system. Here are the benefits of using a biller aggregator:

  1. Simple in Operation

The online payment system that biller aggregators provide for business owners is their primary source of revenue. Therefore, it is unlikely that the billing aggregator provider will impose complicated registration, configuration, and usage requirements.

  1. Speed Approval Processes

The second benefit of using a biller aggregator is faster transaction processing between businesses and customers. The money sent by the customer is typically deposited directly into the business’ bank account within 24 to 48 hours.

  1. Accept Payments Instantly

Once the biller aggregator has processed the payment system, businesses can accept online payments from various payment methods, eliminating the need for businesses to register with multiple banks for payment system cooperation. In addition, the biller aggregator can assist businesses in setting up payment systems with various banks with a single registration.

  1. Low-cost Structures

Small businesses will undoubtedly benefit from reasonable service fees. Moreover, the capital a business owns at the start of operations is insufficient to cover the cost of bank cooperation. This is the reason why a biller aggregator can be one of the most practical and profitable payment options for businesses that are new to using one.

You can get those advantages by using a biller provider aggregator or biller aggregator. Once your business uses a biller aggregator, the business can immediately transact non-cash with customers practically. So, both business people and customers are facilitated in buying and selling. In this case, MitraComm Ekasarana Channel Solution (MECS), one of the business units of MitraComm Ekasarana, is the best Billing Aggregator Provider in Indonesia. MitraComm Ekasarana is one of Phintraco Group’s subsidiaries as a leading technology company in Indonesia. Phintraco Group has collaborated with many companies from various industries to meet all the IT needs of the company. So, you don’t need to doubt the quality of the biller aggregator service offered by MECS.

 

Contact us at marketing@phintraco.com for additional details regarding Biller Provider Aggregator (Biller Aggregator).

 

Related Article:

Biller Aggregator Simplifies Digital Product Transactions for Customers

 

Baca Juga:

4 Keuntungan Menggunakan Biller Aggregator Ditengah Peningkatan Transaksi Nontunai

 

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