Third-party billing
Encyclopedia
Third-party billing is a form of billing where an intermediary handles the invoicing and payment between a purchaser and a vendor.
call, usually in conjunction with the assistance of a live or automated telephone operator.
It can also refer to a service that allows consumers to make purchases through authorized merchants, service providers and telecommunications companies, and have charges placed directly on their local phone bill. This service benefits consumers, business merchants and the telecommunications industry by offering an alternate payment option.
Third party billing serves millions of households in the United States, and handles hundreds of millions of authorized transactions for consumers and businesses each year. Several businesses, including Fortune 500
companies, choose to have their services included on their phone bills to reduce administrative needs and costs.
Approximately 75 percent of adults nationwide use landline telephones to stay connected. Each year, millions of consumers choose to have charges for a variety of third-party services placed directly on their landline phone bill.
The ability to pay for multiple services through one bill with a single payment helps to keep costs low, saving consumers money on valuable services such as long-distance and international calling, operator-assisted calls, Web hosting and design, voice mail and Internet services.
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Telecommunications
In telecommunications, it can refer to an operator-assisted telephoneTelephone
The telephone , colloquially referred to as a phone, is a telecommunications device that transmits and receives sounds, usually the human voice. Telephones are a point-to-point communication system whose most basic function is to allow two people separated by large distances to talk to each other...
call, usually in conjunction with the assistance of a live or automated telephone operator.
It can also refer to a service that allows consumers to make purchases through authorized merchants, service providers and telecommunications companies, and have charges placed directly on their local phone bill. This service benefits consumers, business merchants and the telecommunications industry by offering an alternate payment option.
Third party billing serves millions of households in the United States, and handles hundreds of millions of authorized transactions for consumers and businesses each year. Several businesses, including Fortune 500
Fortune 500
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and...
companies, choose to have their services included on their phone bills to reduce administrative needs and costs.
Approximately 75 percent of adults nationwide use landline telephones to stay connected. Each year, millions of consumers choose to have charges for a variety of third-party services placed directly on their landline phone bill.
The ability to pay for multiple services through one bill with a single payment helps to keep costs low, saving consumers money on valuable services such as long-distance and international calling, operator-assisted calls, Web hosting and design, voice mail and Internet services.
Transportation
In transportation, third party billing is the transference of transportation charges to a party other than the shipper or consigneeConsignee
In a contract of carriage, the consignee is the person to whom the shipment is to be delivered to whether by land, sea or air.-A brief statement of law:...
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