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-   -   Save more than 75% on fees by switching to RedPass (https://gfy.com/showthread.php?t=1064393)

Michael O 04-12-2012 05:32 AM

Save more than 75% on fees by switching to RedPass
 
Stop paying excessive fees as the only major payroll solution RedPass does not charge a currency conversion fee of up to 3%. This will cut your fees by more than 75% compared to our competitors. If you spend $2000 a month in non-USD on our competitors debit cards you would save more than $600 annually by switching to RedPass.

Look at how much you put through your MasterCard in the last year and you will save more than 75% in fees by switching to RedPass. If you did $10.000, $25.000 or $100.000 last year then you would have saved $300+, $750+ or $3000+. With RedPass you get the same services just at a lot lower price.

Ask your sponsor to add RedPass to save you money. As a wise man once told me "Affiliates dictate how we pay out and if they are big enough and ask for RedPass, we have to offer it to them"

http://www.michaelo.dk/comparison.jpg

As the table shows the more you spend on your card the more you save. Do you want to save hundreds and hundreds of dollars ask your sponsor to add RedPass as a payout option.

For sponsors we offer a free trial and after that very competitive rates. If you want to save money, send me an email at [email protected].

Adraco 04-12-2012 05:40 AM

Everyone should jump on this, what are you waiting for people???

Feel free to sign up here!

shimmy2 04-12-2012 05:42 AM

i'll try it out when it arrives

Freaky_Akula 04-12-2012 05:47 AM

But how many sponsors use redpass?

Klen 04-12-2012 05:54 AM

Quote:

Originally Posted by Freaky_Akula (Post 18881520)
But how many sponsors use redpass?

Around 2 to 3 :1orglaugh

Michael O 04-12-2012 06:09 AM

Quote:

Originally Posted by Freaky_Akula (Post 18881520)
But how many sponsors use redpass?

Quote:

Originally Posted by KlenTelaris (Post 18881541)
Around 2 to 3 :1orglaugh


Thats why you should go to your sponsors and say I want RedPass if you work 6 days a week 50 weeks a year and make $3000 a month you work 10 days a year to pay the fees our competition charges with RedPass your fees would be covered in less 1 1/2 days.

CyberHustler 04-12-2012 06:13 AM

I remember when one of their competitors had a fictitious list of sponsors who used them... 2 or 3 real is better than 10 or 15 fake.

Michael O 04-12-2012 09:04 AM

Its good business sense to not leave money on the table. minimize your expenses.

lagcam 04-12-2012 09:37 AM

It doesn't matter how good the card is if nobody is paying out through it Michael.

You need to concentrate FIRSTLY on seducing and incentivising major sponsors to get this great solution listed as a payout option and THEN start directing your attention to the end users to make redpass their card of choice.

I am sure a lot of companies that already offered Paxum and/or Payoneer would consider adding Redpass if they were properly incentivised to do so.

Zombaio also should be pushing this more to their merchants.


:2 cents:

DamageX 04-12-2012 09:46 AM

Quote:

Originally Posted by lagcam (Post 18882134)
It doesn't matter how good the card is if nobody is paying out through it Michael.

You need to concentrate FIRSTLY on seducing and incentivising major sponsors to get this great solution listed as a payout option and THEN start directing your attention to the end users to make redpass their card of choice.

I am sure a lot of companies that already offered Paxum and/or Payoneer would consider adding Redpass if they were properly incentivised to do so.

Zombaio also should be pushing this more to their merchants.


:2 cents:

It's sort of a Catch 22 situation though. Sponsors won't go through the hassle of adding YET ANOTHER payout option, if they know pretty much no-one uses it.

This needs a different approach.

lagcam 04-12-2012 10:00 AM

Quote:

Originally Posted by DamageX (Post 18882170)
It's sort of a Catch 22 situation though. Sponsors won't go through the hassle of adding YET ANOTHER payout option, if they know pretty much no-one uses it.

This needs a different approach.

It is a catch 22 situation, but normally you can resolve these by throwing cash at one or both of the sides. In this case, they have to *make* sponsors offer it, and the best way to do this is for redpass to subsidise some costs and make it as close to a no cost, no hassle setup as they can.

Telling potential cardholders how much they will save won't do it.

MaDalton 04-12-2012 10:04 AM

http://4.bp.blogspot.com/-9agS0UOgRS...hicken-egg.jpg

jigg 04-12-2012 10:18 AM

why are there even yearly fees of $45 in the first place?! And how does one load an account? Credit card? Electronic fund transfer from bank?

All these services are nice but their fees are ridiculous

Michael O 04-12-2012 10:19 AM

Quote:

Originally Posted by lagcam (Post 18882234)
It is a catch 22 situation, but normally you can resolve these by throwing cash at one or both of the sides. In this case, they have to *make* sponsors offer it, and the best way to do this is for redpass to subsidise some costs and make it as close to a no cost, no hassle setup as they can.

Telling potential cardholders how much they will save won't do it.

It is a catch 22 issue and we are doing the alternative approach now.
For a sponsor contacting me and willing to strike a deal that save the sponsor money and the affiliates even more I am open to everything. If a sponsor wants to add RedPass we will offer them a better deal than any of our competition.

As a few sponsors told me "we are happy with our current solution(s) but if our affiliates ask for RedPass we have to add it" but it has to come from the affiliates or models.
If a sponsor offers 35% or 40% revshare for models they could offer us and their models would be making an extra 3%.

For me its why pay 3% extra for the same service? I don't get it. If a sponsor is willing to take good care of their affiliates/models and give them the best deal possible to save their hard earned money I am open to a deal that will cut their costs by a lot and if their costs are very low we can offer instant access to funds and the same old 3% non- exsistant currency conversion fee.

As I posted above if you make $2K a month you would save $600+ a year using RedPass and for me thats 6 months rent for someone in Europe it would be a couple good nights out.

Michael O 04-12-2012 10:23 AM

Quote:

Originally Posted by jigg (Post 18882323)
why are there even yearly fees of $45 in the first place?! And how does one load an account? Credit card? Electronic fund transfer from bank?

All these services are nice but their fees are ridiculous

There is a fee for us to issue a MC.
We are working on adding other funding options than wires and Zombaio but we want to be sure that any funds going into the RedPass is 100% legit funds, so if you receive funds from another account you will know we will not reverse the funds.

JFK 04-12-2012 01:08 PM

F.U.B.A.R. Webmasters offers RED PASS as a payment option:thumbsup:thumbsup

JoseSanchez 04-12-2012 01:15 PM

Quote:

Originally Posted by Michael O (Post 18882327)
It is a catch 22 issue and we are doing the alternative approach now.
For a sponsor contacting me and willing to strike a deal that save the sponsor money and the affiliates even more I am open to everything. If a sponsor wants to add RedPass we will offer them a better deal than any of our competition.

As a few sponsors told me "we are happy with our current solution(s) but if our affiliates ask for RedPass we have to add it" but it has to come from the affiliates or models.
If a sponsor offers 35% or 40% revshare for models they could offer us and their models would be making an extra 3%.

For me its why pay 3% extra for the same service? I don't get it. If a sponsor is willing to take good care of their affiliates/models and give them the best deal possible to save their hard earned money I am open to a deal that will cut their costs by a lot and if their costs are very low we can offer instant access to funds and the same old 3% non- exsistant currency conversion fee.

As I posted above if you make $2K a month you would save $600+ a year using RedPass and for me thats 6 months rent for someone in Europe it would be a couple good nights out.

If I remember correct, paxum did the exact same thing when they launched...not charging the up to 3% fx fee. If you read redpass TOS, the fx fee is there, which means when we apply we agree to pay it, just you arent charging it now. So you get a bunch of people to sign up, who is to say you wont charge it?

Tell me that you will never charge it, give it to me in writing, and maybe i sign and tell my programs to offer you.

MrDeiz 04-12-2012 01:30 PM

make people using it)

i've lost my paxum card and couldn't do paxum>redpass exchange for more than a month, because nobody is using it.

Adam X 04-12-2012 01:48 PM

Quote:

Originally Posted by MrDeiz (Post 18882913)
make people using it)

i've lost my paxum card and couldn't do paxum>redpass exchange for more than a month, because nobody is using it.

well its fairly new... but catching on...

DamianJ 04-12-2012 02:56 PM

Should have spent the cash advertising cost you in waiving any costs for a couple of big sponsors to use you. Get them to give away the cards. Job done.

Begging for custom like this, after the year long delay in you launching looks bad IMHO.

CyberHustler 04-12-2012 03:15 PM

I got a free RedPass card thanks to PlugRush... true story!

CaptainHowdy 04-13-2012 01:59 PM

Redbump ...

BIGTYMER 04-13-2012 02:51 PM

What is the daily ATM withdraw limit?


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