Advantages of Electronic Bill Presentment and Payment (EBPP)

There was a time when paying the bills could be quite a hassle. We had to keep up with paper bills, write a check, buy stamps and mail them in time to get them in by the due date. If we forgot to put them in the mail, we would have to make a trip to the billing party’s office to get the payment in on time.

Thanks to Electronic Bill Presentment and Payment, or EBPP for short, paying bills is now much simpler. Most service providers and lenders offer this service, which enables us to pay bills instantly from the comfort of our own homes. It’s quick, easy and efficient.

Here are six reasons why EBPP is so great:

1. EBPP is better for the environment than traditional billing. Companies can send notices to customers via email, and bills can be viewed securely online. If the customer chooses to pay online, there is no paper involved on either end. This saves valuable natural resources.

2. EBPP is convenient. Instead of making a trip to the post office, the lender or the service provider, you can pay your bills from your home computer. There’s no need to disrupt your schedule just to get your bills paid on time.

3. If you’re out of town, you can pay your bills from any computer as long as you have your user name and password. This is great for those who have homes in different parts of the country or world, as well as those who do a lot of traveling. They don’t have to worry about mailing payments far in advance of the due date.

4. In some cases, you can even pay your bills from your mobile phone. A growing number of billers are offering this capability. Whether you’re out on a date or headed to a business meeting, you can pay your bills whenever you think of it, even if you’re not in front of a computer.

5. Some banks offer the ability to pay all of your bills from their website. This makes bill paying even faster. You can visit your bank’s website and make all of your payments within a few minutes’ time.

6. With EBPP, there’s no need to keep up with paper copies of your bills. Most providers make records available online for a year or longer, so you can go back and review past bills for tax or other purposes. You may also be able to download bills and payment records to your own computer.

Bill paying has never been easier than it is now. With EBPP you can pay your bills at your convenience, and save time and money in the process. Check with your lenders and service providers to find out if they offer this service.