What do I pay to join?
The price of the POS terminal is R4999
What products can I sell on Wiredloop?
Prepaid Airtime (Vodacom, MTN, Cell C, Telkom, Sundial)
Prepaid Electricity (Eskom, Local Municipalities)
Burial Insurance (Metropolitan Cover2go)
Which account do I use to pay R4 999?
Wiredloop
ABSA Business
4059203354
Branch No: 632756
How much do I make in profit?
Please see our table of profit margins per voucher appended to the application form:
Profit Margin Example:
| Voucher | Denomination | Margin % | Profit |
|---|---|---|---|
| Vodacom | R29 | 11% | R3.19 |
What are the costs of operating a Wiredloop terminal?
These costs will be automatically deducted from deposits made to Wiredloop.
Paper Rolls
Applicable charges for paper:
| No. of Rolls | Price incl. VAT |
|---|---|
| 25 | R50.00 |
| 50 | R100.00 |
| 100 | R200.00 |
| 200 | R400.00 |
What is required in order to sell electricity?
You need to provide 5 meter numbers from the area where you are operating so we can check whether they are valid on our system. Pre-Approval by some municipalities may be required such as City of Cape Town.
What is Metropolitan Cover2go?
Metropolitan Cover2go Burial cover is a funeral policy sold by Wiredloop vendors to their customers. In the event of a death, the policy holder is paid out R5 000 towards funeral costs with 48 hours of submitting a death certificate. The cover costs R20 to register and R20 monthly premium. The Wiredloop vendor is provided with all the policy documents to give to every new customer. The customer only needs an ID, Full Name and Cellphone to register for Cover2go burial cover. This product is only available from Wiredloop.
What I am supposed to send to Wiredloop to apply?
What is the minimum deposit to start selling once I have been approved?
R1 000
Are there any cash deposit fess?
A fee of 0.7% is charged on all cash deposits
What methods of payment are acceptable to Wiredloop?
Cash, Telephone banking, Internet Banking, ATM transfers
How can I avoid cash deposit fees?
Cash deposit fees can be avoided by using telephone, ATM or internet banking. This can be arranged with your bank.
What about refunds?
Wiredloop has a NO REFUND policy and under no circumstances will any refunds be given.
