FAQs

What kind of businesses should use MoneyBar Small Business Edition?

MoneyBar Small Business Edition is for small successful businesses with repeat customers or subscribers who frequent their business on a fairly regular basis:

  • Coffee shops
  • Sandwich shops
  • Driving ranges
  • Ice cream parlors
  • Video rental shops
  • Health and beauty spas
  • Small Print and Copier outlets
  • School lunch programs
  • Car Washes
  • Businesses whose transactions are typically below $20

How do I get MoneyBar Small Business Edition?
Simply sign up for MoneyBar Small Business Edition by contacting us.

What else do I need?
You'll also need to ensure you have internet access at your business location. You can use a normal telephone line have your system dialup MoneyBar, or if you are concerned about minimizing your customer wait times we recommend you arrange for a broadband internet connection that will be 'always on'.

What do my prepaid cards look like?
Your prepaid cards will look like the Platinum colored card pictured below, with your logo prominently displayed as the primary brand. The MoneyBar logo is positioned quietly in the lower corner.

The cards have a magnetic stripe on the back as well as a unique 12 digit number.

What are my monthly fees?
Fees are based on the number of transactions processed in a given month, and fees are reduced as your number of transactions grows.

The key to MoneyBar's success is that it is not a cost center - it is a profit center. We can show you how MoneyBar not only pays for itself but actually increases your profits.

Improve your Cash Position
Example of improvement to cash position:

  • Number of cards sold 1000
  • Average value per card $30
  • Cash on hand $30,000

So how does the whole thing work in my business?
First you sign up for MoneyBar Small Business Edition, We will help you set up a merchant account for Visa/MC if you don't already have one. To order your first supply of prepaid cards, send us your company logo in “TIF” format. Be sure you arrange for an internet connection at your location.

In 2-3 weeks you will receive your MoneyBar POS terminal and your initial card supply.

Position your new non-active cards on your counter top, and offer them to your customers. Your customers decide how much to put on the card, they pay you that amount and you simply swipe the card through your MoneyBar POS terminal and the card is activated and enters your MoneyBar prepaid card system. The POS terminal confirms the activation and the amount of cash on the card in real time. With another swipe of the Card, your customer can make a purchase right there and then.

Now your customers don't dig for cash, your line ups move smoothly, and your customers keep coming back for your fine product and service, with the added convenience of prepaid.

When your customers are away from your shop they can also go to the MoneyBar website and log on to check their account balance and recharge their cards. They recharge with their Visa or MasterCard and the recharge amounts go straight to you.

Customers will buy your Cards as gifts for family and friends, which adds to the number of repeat customers you have to serve.

Every week MoneyBar creates a report of transaction activity in your MoneyBar account and we receive payment via PAP.

Should your business grow to more locations, simply add a POS Terminal and sell more cards at your new locations. If you wish, all of your Cards will work at all of your locations.