We built InterCoin to solve that problem for internet consumers. InterCoin, Inc. operates an on-line billing service that lets qualified consumers buy soft items over the internet without paying for them until they are satisfied with the product received. Our systems work like a mini-shareware service where the product is received and used before it is billed to the consumer at the end of the month. Because our merchant's product values are small, billing is deferred and accumulated with other purchases until the end of the month like a credit card. We do not make consumers pay for the products ahead of time through special software like the digital wallet solutions of most e-cash vendors.
Consumers keep their money until they are billed at the end of the month.
We verify the consumer's account for the merchant who then delivers the soft product back to the consumer immediately. The small cost of the purchased product is posted in the consumer's holding account until the end of the month. We send the consumer an e-mail listing his transactions before he is billed so he can review his charges. Reviewable Transaction History Consumers can review their account activity on-line. Consumers can adjust their bill at any time if necessary before making a convenient single monthly payment.