Electronic Bill Payment & Presentment - EBPP

It’s the fancy way to describe the electronic payment systems you probably use all the time. When you talk to your mom, you might call it “the bank website payment thingie.” When you face a group of prospective investors for your EBPP startup, you call it “Electronic Bill Payment & Presentment.”

The term describes the process used by companies to collect and process payments electronically. When you pay your gas bill online or shell out a $5 bank fee at the ATM, you’re engaging the EBPP.

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Finance: What is PayPal?4 Views

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Finance allah shmoop What is pai pao All right Well

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in the beginning there were rocks And then there were

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animal helps Then beads and jewelry then cash then credit

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cards on dh Finally today papal Yeah So the history

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of payment technology has seen some changes paying for stuff

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quickly and easily using a few folded bills in your

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wallet Is gray paying for that stuff while in your

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ninja turtle One z pajamas from the comfort of your

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lazy boy violence Even better So yeah paypal is an

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electronic payment system that takes paying for things online with

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a credit card One step further It's still routes payments

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through the user's bank But everything can be done with

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the well it's Just the click of a button once

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you've linked paypal to your bank account Well there's no

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more typing in long strings of numbers digging a credit

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card out of your back pocket to check the security

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code and dates and all that on that business you

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just say yes Thank you kindly I would liketo buy

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these anti gravity boots via paypal And just like that

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those boots are well on the way to your front

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Door for better or worse you know provided they've been

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weighted down enough space Well paypal was originally created to

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help people pay for mostly ebay purchases specifically as well

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as you know a few adult art films but as

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of two thousand fifteen well ebay and hey pal have

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been separate companies You know breakups are hard So these

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days paypal is just well doing its own thing helping

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people everywhere process their monetary transactions How sweet and philanthropic

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of papal to do that right They do it all

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for free Yeah No not at all They don't do

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it all for free In fact they're pretty expensive Paypal

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is in the business of making money there A publicly

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traded company Well how did they do that Well two

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ways Mainly First they collect a service feet on transaction

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Almost the time As long as you're just a sending

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twenty bucks it's a mom for her birthday or to

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your buddy kin for your entry into the football pool

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Well the transaction is free to you but a merchant

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i eat Anyone selling a product pays a fee on

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every transaction Generally that fee is anything ever take about

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Thirty cents per transaction And then there's a small surcharge

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In addition based on the percentage in the size of

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the transaction right Well the other way papal makes money

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is by earning interest on all that money sitting in

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your account like it's just sitting there And then they

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invest it and they make more in interest than you

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do Just sitting with cash Right Five hundred fifty dollars

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You've been socking away online for a rainy day Well

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paypal has been making it rain because they invested in

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Yes Maybe they only make two per cent of that

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money and interest But there are a lot of people

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let money sitting there Paypal account So with billions or

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tens of billions or hundreds of billions of dollars making

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two percent two papal with almost no costs associated with

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that that's Pretty margin friendly kind of business right Add

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it all up and pay pallor doing just all right

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for themselves So yeah until the next great revolution in

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quick and easy payment processing happens Paypal and other similar

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sites like venmo and apple pay and maybe stripe Well

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there are where it's at Still a little tricky to 00:03:21.005 --> [endTime] trade your animal pelts though for all that dollars

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