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Your
free credit/debit card terminal now includes prepaid
services as part of our value added offerings.
Reloadable Debit VISA Cards offer consumers an easy to use option to manage their funds
or company reimbursement and payroll. This product is attractive for consumers without a bank account or with low credit scores. It offers
recent immigrants, guest workers, employers, parents,
students and the budget conscious with a convenient and risk free way of managing their money.
The Reloadable
VISA debit cards generate increased sales and repeat foot traffic for retailers.
NOTICE: As of April
2014, we are not accepting new applicants due to reorganization
of the service providers.
Reloadable Card Benefits
- Low retail
price of $3.00
- Low monthly
& reload fees of $2.95 with terminal
- No fees on
purchases
- Free
direct deposit any amount up-to $5000 (*when registered)
- No bank
account needed
- No credit
check or application fee
- Free 24/7
bilingual Customer Service
- Use for
online purchases (*when registered)
- Get cash at
participating ATMs nationwide
- Free
purchase and balance notifications
sent to cell phone or email address after
each use
- Great for
Payroll Debit Cards [CNN
Money article]
Retailer
Benefits
- Generate
profit on each transaction
- Association with national brands
- Eliminate inventory and its security risk,
on consignment
- Eliminate shrinkage and theft
- Eliminate distribution costs
- No out of inventory problems
- Immediate access to new products
- Attract new customers, maintain customer loyalty and
increase business overall
Which
terminals are compatible with prepaid reloadable cards?
Lipman 8500 (IP/D) 8320, Hypercom 4210 4220
(IP/D), Verifone (IP/Dial) VX510 V570 3470/50
How much revenue
can I earn and tell me more?
30 to 35% in revenue
on each card (ex, VISA Prepaid).
Download and
review the training details
[here].
How to sell
Prepaid Cards?
Customers visit
your store and pick up cards of their choice
Accept cash, as
accepting credit will only reduce your profit and increase your
risk of losing a prepaid cash item.
You activate or top-up
the prepaid cards in the increments of $20, $50, $75, $200, ($300,
$500) in a single load on a terminal.
Deposit the
cash you collected daily in your designated checking account
You will be
invoiced on a Monday via email or fax if there are any sales and the cost
only will be
deducted from your designated checking account on Wednesdays.
If your
customers prefer to reload by direct deposit, tell them to call
the number on the card to register and have their depositor
(employer, parents, or self) complete an authorization ACH form. Once registered, a maximum of $950 per day can be added to your
a Card by direct deposit. However, the total balance on a card cannot exceed $5,000.
Direct Deposit Requirements
Sign-up for a
merchant account and select one
of the compatible terminals.
Each card must be
activated with an initial amount of $20, $50, $75 or $200. Once activated with
an initial amount on the terminal, wait 24 hours, your
customers can then call Prepaid VISA customer service center to register
the cards and complete an ACH authorization form with a
designated checking account
Your customer can
reload by Direct Deposit any amount, a maximum of $950 per day up-to
a total balance of $5000 per card.
How do I get
started?
Complete a
 account with us first, select With Free Terminal.
New
merchants gets a free compatible credit card terminal
Complete prepaid forms
Start using your
credit card terminal to earn extra cash
What’s
important to know?
No cost to you
You will need
a merchant account to begin Direct Deposit for reloadable cards
Selling prepaid
cards will convert your terminal into a revenue source instead a cost center
Let your card
terminals pay for your merchant account
Prepaid
software co-exists in the same free terminal we provide
Activate your
account by transacting once, within 4 weeks of receiving merchandising
materials
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