Quote:
Originally posted by Brown Bear
The load fee is $5 for every $100? That sounds like a bit much.
So if I load it with $3,000 I have to pay $150 just to load money onto it? The load fee should be like $5 for any amount loaded onto it, people would load way more.
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The thing is it costs ePassporte a % fee (probably ~2.5% +/- a bit) for the charge.... So a $3000 load might be costing them $75.
I forgot about this when I was suggesting they make the discount a bit lower to start.
But see... Paypal is *Massive* now right? Well when they first launched, it was not only 100% free for all, but they were PAYING people hand over fist to sign up AND refer people. I think it was like $10 to signup and $10 referral to start. It was crazy for awhile. They must have had millions allocated to give away for the name-branding launch.
We all know how well that worked out for them in the end
Ebay Buys Paypal For $1.5 BILLION in stock. (which has since went up like 15% lol)
I think something similar for ePassporte would work nicely....
(I shouldn't be giving away all these ideas... but I imagine if Epoch/ePassporte uses any of them that I can get a nice kickback on the Epoch fees or something)
But think about that Epoch Guys... In the beginning Paypal was doing all that processing for free... millions and millions in transactions for free AND they were giving away all that money to people for signups & referrals ($10 at first, then $5 - on both ends - the signup and the referrals) -- it was MADNESS & it would be again (cause its fuggin FREE MONEY).
But check it out.. lets say absolute worst case scenario they spent 20 million buying their signups/referrals & the initial processing charges that they ate (but I think some of the banks were in kahoots with paypal)... In the end, they made like 100 times that when they sold to ebay. These deals were all POST dot-com-bomb stuff.
I'm not sure what your banking agreements will allow you to process ($ wise / industry wise etc) .. but there is a ton of cash out there & you guys have the contacts & the knowledge of the industry....
I just sort of see this ePassporte thing having a weak initial push for what it could have been. No offense at all, but I know Internext was coming up and you guys had to be ready for that.
Anyway I don't know if it would be possible for ePassporte to start out with something like this or not, but heres an idea...
#### FREE IDEAS START HERE ####
If you were to GIVE AWAY MONEY paypal style, say $5 or $10, to each new account, for a
no-strings account creation (no initial load required, though registering a CC on file would be) - then you might be able to get a ton of webmasters PROMOTING ePassport on their websites. Webmasters could then promote things like (say they have a $2.95 trial and you pay $5 to a new epassporte signup)
"GET PAID two dollars to check out our site! These guys will pay for your trial membership AND you'll have two bucks left over! Click here for details!"
Then you could link them to a quick-n-dirty INFORMATIVE page about the benefits of the virtual visa & epassporte (ie the wife blocking/protection, the creation of virtual visa account numbers on the fly for each merchant etc)
Now, if you were to ALSO pay the referring webmaster $5 for the new account referral (again, paypal style)...
Then you are Talking
REVOLUTION...... BIGTIME 