The Financial Concept
As an organisation with global reach, it is more than likely that you are conducting hundreds or possibly thousands of bank wire transfers per month, to various destinations, ensuring that your affiliates, members or customers around the world are paid their commissions or rebates on time. Alternatively, if the commissions or rebates are paid into an electronic e-wallet for the affiliate/member/customer to withdraw, then it is more than likely your organisation and your affiliates/members/customers are subject to significant percentage based fees payable to third parties, coupled with long waiting periods for the payee’s funds to be cleared.
CCS Prepay is a consultancy firm that facilitates prepaid* debit card solutions for international organisations seeking a more cost effective method to streamline international disbursements. By simply holding a trust account with our member banks, as an organisation you will be able to make instant commission payouts globally to all the prepaid cards that you issue to each of your individual affiliates, members or customers across boarders. This provides instant gratification and saves significant costs with payout costs onto the cards as low as $0.10 depending on the level of activity. In some cases there is no fee depending on how the program is structured.
* Prepaid” means a card without any credit line. The card is funded by the organisation for usage by the card holder
With access to a pricing matrix, encompassing over 31 variable card schemes, CCS Prepay is able to provide bespoke commercial models which save organisations significant revenues on an annual basis, whilst adding increased value to payees through reduced transaction costs. Additionally, if your organisation is seeking also to develop an additional revenue stream through the card program, then we are able to define a commercial model where you can earn ongoing revenue generated from the transaction fees incurred by your card holders. Such transaction fees can cover a myriad of revenue earning areas (details available upon request) or can be restricted to just the mandatory transaction fees imposed by the financial networks i.e. ATM Withdrawal, Online/Point of Sales Transactions etc.
If you are interested in discussing a bespoke commercial model that will save your organisation significant ongoing fees, generate an additional revenue stream whilst maintaining enhanced value for your affiliate/member/customer base, then please use click here to use our contact page.
The Benefits of Prepaid
Prepaid cards are the fastest growing area of payment cards and can extend your business brand recognition and provide an innovative way to serve existing customers as well as reach out to new markets. Prepaid Cards do not require cardholders to have bank accounts or to be credit-worthy, which immediately presents a huge global market. Advantages of positioning a prepaid card program for your business are as follows.
Benefits for Organisations
- Implement loyalty and reward programs that increase customer retention, drive repeat purchases and create awareness of new products and services
- Ability to “close loop” and restrict usage of card to specified outlets; or use “open loop” and enable use at over 24 million global outlets that accept MasterCard® or Visa®
- Creates brand recognition for your business
- Implement loyalty and reward programs that increase customer retention, drive repeat purchases and create awareness of new products and services
- Ability to significantly decrease costs associated with disbursing funds to members or affiliates that are globally dispersed
Benefits for Retailers
- A card program allows clients to have access to card activity data, and when used as part of a Customer Relationship Management campaign creates increased up-selling/cross-selling opportunities.
- A Unique competitive advantage allows the card to be disabled at any competing stores, if required. Also promotions can be switched on or off, helping drive transaction volume, where and when desired
- Revenue opportunity through issuance of a universally accepted card program. Transaction revenue is earned at a number of transaction points
- Improvements to client acquisition, retention and wallet share – the products can capture previously unattainable clients from the youth, transient and un-banked communities retention is assisted by providing greater convenience and “pay-out” speed
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