Quote:
CashX Prepaid Card Transaction Fee Schedule
Transaction Type Services Fees
New account setup fee $2.00
Monthly service fee $2.95
First new account load fee $1.00
ATM withdrawal $3.95
Non-ATM cash withdrawal $10.00
PIN or signature transaction at POS $1.25
Internet transaction $1.25
ATM balance inquiry $1.95
Currency conversion 1.50%
Maintenance per inactive account (after 6mths) $5.00
Replacement card / account $15.00
Balance check request $25.00
Self Internet customer service $0.00
IVR usage $1.00
Live customer service (per call) $2.50
Paper monthly statement n/a
Closed account $4.99
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None of that looks free to me, nor does the monthly fee.
If you want ePassporte's business you are going to have to get a lot closer to their fee structure. Like charge me .30 cents to send money within the system and then remove the monthly fee. That way high transaction spenders will subsidize the system for you.
Also the vast majority of us are "high rollers" and cannot use a $2500 limit. A lot of us had a $2500 limit on ATM withdrawals... So this is not going to work. Call your boss and let him know an entire industry of high rollers is waiting for something more along the lines of 50,000.