Merchant Prepay & Bill Pay Overview
Merchant Prepay & Bill Pay Overview
For more information : [email protected]
Proprietary &Confidential
Why sell prepaid? • There are over 24.8 million prepaid subscribers in the US • Each prepaid subscriber tops up their phone an average of 1.2 times per month • Over 357 million store visits projected annually for prepaid top ups • Next to Tobacco and Lottery tickets Prepaid Wireless is the third best selling category in the C-Store, Grocery and Petroleum space For more information : [email protected]
Proprietary & Confidential
Merchant Benefits • Have every denomination, every brand available..always! • Attract new customers and maintain customer loyalty while increasing business overall
• Become associated with national cellular brands • Earn commissions on each product sold • Ongoing automated product updates
• Eliminate Shrinkage and Theft • Web reporting and weekly email billing provides all product sales information needed • Payment for products after the sale • Convenient ACH payment process for sales For more information : [email protected]
Proprietary & Confidential
Wireless
(National & Regional)
“Retail prepaid wireless sales are predicted to grow from $18.2 Billion in 2007 to $23.6 Billion in 2010” Source: Mercator Advisory Group
For more information : [email protected]
Proprietary & Confidential
International Mobile Recharge ●
International Mobile Recharge allows consumers to purchase a PIN to “top-up” or “re-charge” a mobile phone in another country Country Afghanistan Anguilla Antigua & Barbuda Aruba Bahamas Barbados Bolivia British Virgin Islands Cayman Islands Columbia Dominica Dominican Republic Ecuador El Salvador Grenada Guadeloupe Guatemala Guyana Haiti
Now Prepay Corporation
Country India Jamaica Martinique Mexico Montserrat Nicaragua Pakistan Panama Peru Philippines Puerto Rico Sri Lanka St. Kitts & Nevis St. Lucia St. Vincent and the Grenadines Trinidad & Tobago Turks & Caicos Vietnam
www.nowprepay.com
Proprietary & Confidential
RTR
(Real-Time Recharge)
RTR products enable consumers to refresh or “top-up” an account in real-time directly through the POS terminal or PC without the hassle of a PIN. The clerk simply enters a consumers cell phone number or account number during the transaction along with the amount the consumer wishes to purchase and that’s it… Instant top-up!
Now Prepay Corporation
www.nowprepay.com
Proprietary & Confidential
Long Distance
For more information : [email protected]
Proprietary & Confidential
Reloadable VISA Features and Benefits: • • • • • • • • •
•
•
Low retail price of $3.00 Low monthly & reload fees of $2.95 No fees on purchases Free employer direct deposit* Free bank-to-card transfer* No bank account needed No credit check or application fee Free 24/7 bilingual Customer Service Use for online purchases* Get cash at participating ATMs nationwide† Free purchase and balance notifications sent to cell phone†† or email address after each use *This feature is available for registered cards only † Fees and limitations may apply. †† Standard text messaging rates may apply; check with your cellular provider for details.
Now Prepay Corporation
www.nowprepay.com
Proprietary & Confidential
Bill Payments
Consumers pay utility and other necessity bills quickly at merchant locations
Merchants earn revenue from fees charged to consumer for the convenience of paying at their store
Avoid service interruptions, reconnect & late fees Real-time payments to all major wireless and satellite TV companies “Consumers will make almost 440 million bill payments at third –party locations in 2010 up from 344 million in 2007” Source: Alte Group
For more information : [email protected]
Proprietary & Confidential
Bill Pay: Merchandising & POP Materials
Posters
Now Prepay Corporation
www.nowprepay.com
Proprietary & Confidential
Merchandising & Support
Card stock
Window decals
Toll Free Support
Four sided Merchandising Rack
Product Posters & Rate Sheets
For more information : [email protected]
Proprietary & Confidential
Prepay: Merchant Billing & Commissioning
This billing cycle is for Now Prepay Product sales only (wireless, Long Distance, International Mobile Recharge, Visa Debit etc. NOT Bill Pay. See next slide for Bill Pay billing cycle)
Now Prepay drafts only what is owed to the channel less the merchant commissions therefore, they are never owed a commission payment. Invoice Dates
ACH Draft Dates*
Monday
For sales Friday thru Sunday
Wednesday
For Monday’s invoice
Friday
For sales Monday thru Thursday
Friday
For Friday’s invoice
* ACH Draft Dates are approximate. While most banks process ACH per the schedule above, some may process ACH drafts on varying schedules depending upon their specific bank policy
For more information : [email protected]
Proprietary & Confidential
Bill Pay: Billing & Settlement ACH Withdrawal Funds shall be withdrawn by Softgate on a daily basis according to the following schedule:
• • •
Monday – Thursday: Next business day Friday: Funds collected Saturday or Monday Saturday – Sunday: Funds collected Tuesday (along with Monday’s trans)
Transactions made from 9AM EST to 9PM EST the previous day will be included in the withdrawal.
NSF’s The merchant will be charged a fee for every occurrence of NSF’s (insufficient funds) of $40 Merchants may also be charged a reactivation and/or reinstallation fee Now Prepay Corporation
www.nowprepay.com
Proprietary & Confidential
Bill Pay: Merchant Commissions Commissions
Commissions and fees are reconciled monthly by Softgate and credited to the merchant’s designated bank account electronically on the 15th day following the close of the month
For example, commissions earned in May will be credited to your merchant’s bank account on June 15th Any fees owed by the merchant will be deducted from the total commission due. (NSF fees, license fees, reactivation fees)
Now Prepay Corporation
www.nowprepay.com
Proprietary & Confidential
Merchant Revenue Opportunity An average commission rate of 10% is used to calculate commission amount. This average does not include Bill Payment commissions.
Weekly Sales
Weekly Commission
Monthly Sales
Monthly Commission
$500.00
$50.00
$2,000.00
$200.00
$700.00
$70.00
$2,800.00
$280.00
$900.00
$90.00
$3,600.00
$360.00
$1,100.00
$110.00
$4,400.00
$440.00
Now Prepay Corporation
www.nowprepay.com
Proprietary & Confidential
Supported Hardware
Lipman
*Bill Payment not supported on Lipman terminals
• 8500 (IP & Dial) • 8320
VeriFone • VX510 (IP & Dial) • VX570 (IP & Dial) • 3740/50 (IP & Dial)
Hypercom • 4210 (Dial) • 4220 (Dial/IP) Personal Computer • Windows XP 2003 and higher
*Note Bill Payment is not supported on the 3740/50
For more information : [email protected]
Proprietary & Confidential
Merchant Commission Schedule
Effective Date: September, 2011
Cellular
Long Distance
Airvoice Express Airvoice GSM Alltel AT&T Beyond GSM Blue Grass Boost PayGo RTR Cricket PayGo H2O I-Wireless Mojo Movida Net 10 Net 10- $50.00 Unlimited Omni Prepaid Omobile Oxygen Wireless Page Plus Platinum Tel - Combo Platinum Tel - Refill Powerlink Pure Prepaid Simple Mobile Sti Mobile T-Mobile T-Mobile RTR Tracfone Tuyo Verizon Verizon RTR Virgin Mobile
8.00% 8.00% 6.50% 14.00% 14.00% 9.00% 4.00% 7.00% 4.00% 5.00% 13.00% 8.00% 9.00% 3.00% 16.00% 13.00% 15.00% 5.00% 6.00% 6.00% 7.00% 7.00% 4.00% 11.00% 4.00% 1.75% 8.00% 13.00% 5.50% 5.00% 4.00%
Asia Direct Cellular Long Distance Global Reach Homies RTR Jambo Africa La Fiesta Mi Pais Lindo Middle East Patriot Pennies Per Call TelePronto Telmex Multifon Dial World Mexico $3.00 Dial World Mexico Dial World-World Dial World-Latin Dial World-/Africa & Middle East Dial World-Asia Dial World-Caribbean
22.00% 18.00% 27.00% 15.00% 22.00% 27.00% 27.00% 27.00% 17.00% 17.00% 17.00% 12.00% 21.00% 21.00% 21.00% 21.00% 21.00% 21.00% 21.00%
Value Added Services International Mobile Recharge MTN TopUP-Africa-2.99 Fee MTN TopUP-Africa -.99 Fee Ashlee Madison Wallie Game Card
4.00% $1.75 $0.40 6.00% 3.00%
Reloadable Prepaid Card Visa - Initial Purchase ($3.00) Visa - Card Reload ($2.95)
35.00% 30.00%
Bill Payment Standard: 1.75 Fixed: $1.00 Fixed: $1.25 Fixed: $1.75 Fixed: $1.95 Fixed: $2.00
$ $ $ $ $ $
0.80 0.30 0.30 0.75 0.75 0.75
Fixed: $2.50 Fixed: $2.95 Fixed: $3.00 Fixed: $3.95 Fixed: $4.95
$ $ $ $ $
0.75 0.75 0.75 1.00 1.00
Conditions: Now Prepay hereby reserves the right to change any of the figures above which may from time to time be incorporated to this Schedule upon giving Merchant at least 7 days prior notice thereof.
Now Prepay - US Private Confidential
For more information : [email protected]
Proprietary &Confidential
Why sell prepaid? • There are over 24.8 million prepaid subscribers in the US • Each prepaid subscriber tops up their phone an average of 1.2 times per month • Over 357 million store visits projected annually for prepaid top ups • Next to Tobacco and Lottery tickets Prepaid Wireless is the third best selling category in the C-Store, Grocery and Petroleum space For more information : [email protected]
Proprietary & Confidential
Merchant Benefits • Have every denomination, every brand available..always! • Attract new customers and maintain customer loyalty while increasing business overall
• Become associated with national cellular brands • Earn commissions on each product sold • Ongoing automated product updates
• Eliminate Shrinkage and Theft • Web reporting and weekly email billing provides all product sales information needed • Payment for products after the sale • Convenient ACH payment process for sales For more information : [email protected]
Proprietary & Confidential
Wireless
(National & Regional)
“Retail prepaid wireless sales are predicted to grow from $18.2 Billion in 2007 to $23.6 Billion in 2010” Source: Mercator Advisory Group
For more information : [email protected]
Proprietary & Confidential
International Mobile Recharge ●
International Mobile Recharge allows consumers to purchase a PIN to “top-up” or “re-charge” a mobile phone in another country Country Afghanistan Anguilla Antigua & Barbuda Aruba Bahamas Barbados Bolivia British Virgin Islands Cayman Islands Columbia Dominica Dominican Republic Ecuador El Salvador Grenada Guadeloupe Guatemala Guyana Haiti
Now Prepay Corporation
Country India Jamaica Martinique Mexico Montserrat Nicaragua Pakistan Panama Peru Philippines Puerto Rico Sri Lanka St. Kitts & Nevis St. Lucia St. Vincent and the Grenadines Trinidad & Tobago Turks & Caicos Vietnam
www.nowprepay.com
Proprietary & Confidential
RTR
(Real-Time Recharge)
RTR products enable consumers to refresh or “top-up” an account in real-time directly through the POS terminal or PC without the hassle of a PIN. The clerk simply enters a consumers cell phone number or account number during the transaction along with the amount the consumer wishes to purchase and that’s it… Instant top-up!
Now Prepay Corporation
www.nowprepay.com
Proprietary & Confidential
Long Distance
For more information : [email protected]
Proprietary & Confidential
Reloadable VISA Features and Benefits: • • • • • • • • •
•
•
Low retail price of $3.00 Low monthly & reload fees of $2.95 No fees on purchases Free employer direct deposit* Free bank-to-card transfer* No bank account needed No credit check or application fee Free 24/7 bilingual Customer Service Use for online purchases* Get cash at participating ATMs nationwide† Free purchase and balance notifications sent to cell phone†† or email address after each use *This feature is available for registered cards only † Fees and limitations may apply. †† Standard text messaging rates may apply; check with your cellular provider for details.
Now Prepay Corporation
www.nowprepay.com
Proprietary & Confidential
Bill Payments
Consumers pay utility and other necessity bills quickly at merchant locations
Merchants earn revenue from fees charged to consumer for the convenience of paying at their store
Avoid service interruptions, reconnect & late fees Real-time payments to all major wireless and satellite TV companies “Consumers will make almost 440 million bill payments at third –party locations in 2010 up from 344 million in 2007” Source: Alte Group
For more information : [email protected]
Proprietary & Confidential
Bill Pay: Merchandising & POP Materials
Posters
Now Prepay Corporation
www.nowprepay.com
Proprietary & Confidential
Merchandising & Support
Card stock
Window decals
Toll Free Support
Four sided Merchandising Rack
Product Posters & Rate Sheets
For more information : [email protected]
Proprietary & Confidential
Prepay: Merchant Billing & Commissioning
This billing cycle is for Now Prepay Product sales only (wireless, Long Distance, International Mobile Recharge, Visa Debit etc. NOT Bill Pay. See next slide for Bill Pay billing cycle)
Now Prepay drafts only what is owed to the channel less the merchant commissions therefore, they are never owed a commission payment. Invoice Dates
ACH Draft Dates*
Monday
For sales Friday thru Sunday
Wednesday
For Monday’s invoice
Friday
For sales Monday thru Thursday
Friday
For Friday’s invoice
* ACH Draft Dates are approximate. While most banks process ACH per the schedule above, some may process ACH drafts on varying schedules depending upon their specific bank policy
For more information : [email protected]
Proprietary & Confidential
Bill Pay: Billing & Settlement ACH Withdrawal Funds shall be withdrawn by Softgate on a daily basis according to the following schedule:
• • •
Monday – Thursday: Next business day Friday: Funds collected Saturday or Monday Saturday – Sunday: Funds collected Tuesday (along with Monday’s trans)
Transactions made from 9AM EST to 9PM EST the previous day will be included in the withdrawal.
NSF’s The merchant will be charged a fee for every occurrence of NSF’s (insufficient funds) of $40 Merchants may also be charged a reactivation and/or reinstallation fee Now Prepay Corporation
www.nowprepay.com
Proprietary & Confidential
Bill Pay: Merchant Commissions Commissions
Commissions and fees are reconciled monthly by Softgate and credited to the merchant’s designated bank account electronically on the 15th day following the close of the month
For example, commissions earned in May will be credited to your merchant’s bank account on June 15th Any fees owed by the merchant will be deducted from the total commission due. (NSF fees, license fees, reactivation fees)
Now Prepay Corporation
www.nowprepay.com
Proprietary & Confidential
Merchant Revenue Opportunity An average commission rate of 10% is used to calculate commission amount. This average does not include Bill Payment commissions.
Weekly Sales
Weekly Commission
Monthly Sales
Monthly Commission
$500.00
$50.00
$2,000.00
$200.00
$700.00
$70.00
$2,800.00
$280.00
$900.00
$90.00
$3,600.00
$360.00
$1,100.00
$110.00
$4,400.00
$440.00
Now Prepay Corporation
www.nowprepay.com
Proprietary & Confidential
Supported Hardware
Lipman
*Bill Payment not supported on Lipman terminals
• 8500 (IP & Dial) • 8320
VeriFone • VX510 (IP & Dial) • VX570 (IP & Dial) • 3740/50 (IP & Dial)
Hypercom • 4210 (Dial) • 4220 (Dial/IP) Personal Computer • Windows XP 2003 and higher
*Note Bill Payment is not supported on the 3740/50
For more information : [email protected]
Proprietary & Confidential
Merchant Commission Schedule
Effective Date: September, 2011
Cellular
Long Distance
Airvoice Express Airvoice GSM Alltel AT&T Beyond GSM Blue Grass Boost PayGo RTR Cricket PayGo H2O I-Wireless Mojo Movida Net 10 Net 10- $50.00 Unlimited Omni Prepaid Omobile Oxygen Wireless Page Plus Platinum Tel - Combo Platinum Tel - Refill Powerlink Pure Prepaid Simple Mobile Sti Mobile T-Mobile T-Mobile RTR Tracfone Tuyo Verizon Verizon RTR Virgin Mobile
8.00% 8.00% 6.50% 14.00% 14.00% 9.00% 4.00% 7.00% 4.00% 5.00% 13.00% 8.00% 9.00% 3.00% 16.00% 13.00% 15.00% 5.00% 6.00% 6.00% 7.00% 7.00% 4.00% 11.00% 4.00% 1.75% 8.00% 13.00% 5.50% 5.00% 4.00%
Asia Direct Cellular Long Distance Global Reach Homies RTR Jambo Africa La Fiesta Mi Pais Lindo Middle East Patriot Pennies Per Call TelePronto Telmex Multifon Dial World Mexico $3.00 Dial World Mexico Dial World-World Dial World-Latin Dial World-/Africa & Middle East Dial World-Asia Dial World-Caribbean
22.00% 18.00% 27.00% 15.00% 22.00% 27.00% 27.00% 27.00% 17.00% 17.00% 17.00% 12.00% 21.00% 21.00% 21.00% 21.00% 21.00% 21.00% 21.00%
Value Added Services International Mobile Recharge MTN TopUP-Africa-2.99 Fee MTN TopUP-Africa -.99 Fee Ashlee Madison Wallie Game Card
4.00% $1.75 $0.40 6.00% 3.00%
Reloadable Prepaid Card Visa - Initial Purchase ($3.00) Visa - Card Reload ($2.95)
35.00% 30.00%
Bill Payment Standard: 1.75 Fixed: $1.00 Fixed: $1.25 Fixed: $1.75 Fixed: $1.95 Fixed: $2.00
$ $ $ $ $ $
0.80 0.30 0.30 0.75 0.75 0.75
Fixed: $2.50 Fixed: $2.95 Fixed: $3.00 Fixed: $3.95 Fixed: $4.95
$ $ $ $ $
0.75 0.75 0.75 1.00 1.00
Conditions: Now Prepay hereby reserves the right to change any of the figures above which may from time to time be incorporated to this Schedule upon giving Merchant at least 7 days prior notice thereof.
Now Prepay - US Private Confidential
