Show HN: We're building a better way to pay your bills
beta.cloudbill.com
beta.cloudbill.com
The only thing I can think of that still requires a check is paying rent. But for that, and anything else that would require payment by checks, billpay (which is free with every bank I know of or have used) takes care of this.
All of these pretty much can already be automated. All that said, legitimate question, but is there a scenario here that I am overlooking where this would be covered by your service that I can't automate bill payments without writing a check already. Or more accurately, what's different between this and billpay most banks offer (aside from the interface).
EDIT: I suppose the auto address update is a nice feature that most people might have a use for
What also sets this apart from bank bill pay is the ability to pay with any credit card and be given suggestions on how to pay each bill to take full advantage of any discounts or earn the best rewards.
Grey charges (questionable charges) on credit cards as well as bills from places like phone carriers and cable companies have become a huge problem for the average consumer and Cloudbills automatic alerts to grey charges along with the ability to remotely dispute the charge, offers value.
But what I would (personally) love is a place to manage all of my bill payments in one place -- instead of having to log in separately to bank/credit card/internet/cell phone/etc sites to view amounts and then pay all separately. (Sometimes they can be configured to autopay, sometimes they can't...)
Every time my CC number gets compromised and I have to change the billing info on 8+ sites... ugh what a pain. And then on CC sites where they don't allow autopay (or only allow it in a fixed dollar amount, WTF), and I miss the e-mail saying my new statement has arrived, and get a late fee... ugh again.
It sounds like you're saying you can change credit card information which I'm unsure how but it sounds like you can update your address, passwords, and everything else it seems like. How are you guys able to do this as I believe backend systems like Yoodle doesn't allow this right?
Currently does the system support all kinds of banks and bill payments already?
First of all losing your wallet is a huge pain and if you use each provider's auto pay feature its even more of a pain, losing your wallet when you use Cloudbill means updating your card number just once.
Helping our users maximize their rewards points is also something we've heard a lot about lately and a feature we're really excited about!
Aside from that helping our users find fraudulent charges on their bills is also something we think is worth being excited about :)
We plan to charge a users in a variety of ways. it will be a freemium service so some users who have a minimal number of accounts or bills will never pay anything, but we'll have tiers depending on what the user wants, for instance the move me service for setting up your utilities, cable, etc could be an a la carte charge.
We think the average user (3 bank accounts about 12 bills per month) will probably pay about $5 per month for the service and with the grey charge removal alone we're confident we can save you that fee :)
There is also quite a bit of interest for the biller to pay us since it will ensure their users pay their bills on time and from the studies we've seen so far having this as an option even improves users' opinions of their bill providers.
So never fear there are definitely ways of making money outside of shady practices or selling your financial info(which we will NEVER do under any circumstance)
Hope that helps :)