Today the fees received for services represent a large part of a bank‘s net income. These fees are generated without incurring any risk such as with credit. In some emerging nations these fees represent as much as 40% of the bank’s net income.
Any broker or dealer reselling WesternCard will strongly benefit from the business relationship. Brokers or dealer reselling WesternCard will be paid a fee for various services such as the initial sale of the cards. Each time the consumer directly adds value to their cards or withdraws cash from the cards at the brokers, a fee is paid.
Registered merchants can sell WesternCard credit/debit cards and load value into the card using their existing PIN enabled credit/debit card terminals. The merchant makes a profit on the initial sale and is paid a fee to load value on the card or to withdraw cash from the card.
If you are a Bank, a Microfinance Institution or Money Transfer center or even a Broker or Agent for such Firms, you can increase your revenue by selling, loading and reloading or processing cash withdrawals for WesternCard end users. If you want to be a WesternCard program Broker or Dealer click here. |