VISA.... HUGE! HUGE! HUGE! ..imo SurgePays Reloadable Visa will be launched in early 2019. This card will perform the functions of a traditional credit card and also a checking account for the unbanked or credit challenged. The card will be distributed through the SurgePays network by having cards hanging on J-hooks (similar to gift cards). The customer will take the card to the counter and load cash on the card through SurgePays 2.0. The customer will then have the option to go online and fill out their information so they receive a card with their name on it. This personalized SurgePays Visa card will offer safety, security and convenience of using the card anywhere that accepts Visa and empower many customers to enter the digital age.
Customers will be able to access their accounts from the connected app to remit money to friends and relatives while avoiding costly fees. In addition, customers will also be able to take a picture of their paycheck and load the cash to their cards (eliminating costly check cashing fees). There are a number of revenue streams built into the SurgePays Visa including interchange portions of the merchant transaction fees, nominal monthly fees, ATM withdrawal fees, convenience fees and interest from monies on deposit.
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