Terms of the deal include the offering of a zero percent discount rate on processing services for the first 30 days or first $10,000 per account, whichever comes first.
Typical IPSP processing services can cost as much as 15 percent of gross sales, making the iBill offer a tempting proposal for a wide variety of merchants seeking a new primary processor; an inexpensive way to bolster their cascade; or to try out the new iBill.
According to iBill CEO Jonas Brown, the company is making the offer to attendees of The Phoenix Forum, limiting the special to merchants who sign up at the show.
"I feel this can be a win-win for both the merchant and the creditably of iBill," Brown told XBIZ. "Sometimes you just need to go for a Hail Mary pass and see what happens."