How does Rechargeplus earn from charging 1USD for every card-to-card transfer?
The 1USD transfer fee is our marketing strategy to penetrate the market easily. Our premier product is the Rechargeplus prepaid debit card, that has the following functionalities: bills payment, card to card transfer, purchase of prepaid products, cash withdrawal and purchase of goods and services via point of saile. Each transaction has a small charge to the customer. Since we only charge the lowest fee possible, we are able to attract more customers to avail the card and use them for value added services. We earn from crumbs of each transaction, but the more transactions our cardholders have, the more revenue we can generate. As we continue to grow, we continue to innovate and create more value added services for our customers—a so called one-stop-shop-payment solution.
