If American households went paperless and switched to online payments and e-bills, the United States could save 23 million tons of wood, equivalent to 16.5 million trees, according to Javelin Strategy and Research. American companies could also save $200 million collectively per day if they switched to paperless billing.
Paperless billing and online payments could cut greenhouse gas emissions by four billion tons and reduce solid waste by 1.6 billion pounds. As of September 2015, organizations such as utility companies, financial institutions and universities are switching to online billing and providing options for customers to make online payments to save paper, time and money. Online billing allows organizations to save on printing, labor and postage costs, while online payments from customers allow them to receive payments faster and save the cost of processing paper checks.