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Online Billing for Small Merchants

Product: MyPayNet
Company: My Payment Network Inc.

Online bill pay has become a common occurrence these days. However, the options for this convenience mainly consist of payment for major services to large companies. It is not unusual to pay a utility or credit card bill; however, it is more difficult to make a payment to small business.

As identified by the Census Bureau, there are 17 million small businesses around the country with 20 or fewer employees. For these businesses and their customers an online bill payment option would be very useful.

My Payment Network Inc. recently introduced the perfect solution for this type of business. The MyPayNet software provides an affordable, easy-to-use direct billing option for these merchants. In addition to small merchants, MyPayNet is ideal for schools and other small and mid-size organizations and associations such as nonprofit groups and charities.

The MyPayNet service adds a section to a business' or organization's Web site enabling customers or people sending donations to pay with a check, credit card or PayPal.

There is an option for recurring billing for those businesses with repeat customers. An electronic invoice can also be e-mailed to a customer. In the e-mail there is a secure payment link the customer can use to make a payment.

My Payment Network is distributing its services through both direct sales and resale channels. Although the product is brand new, it has a defined ISO program. The first reseller to sign up was e-check processor Electracash.

MyPayNet is being targeted toward two arenas. The first is businesses in the home services industry such as pool cleaners, gardeners, plumbers and electricians. The second is professional and consulting services.

My Payment Network Inc.

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