The prepaid business model is relatively easy.

It's like those electric meters that require pre-payment. They are cards for people who don't get credit extended. Standard debit cards don't check for available funds so you can, in theory, create an unauthorised overdraft with one. So kids can't have one and neither can the bankrupt. SO there is definitely a small but real market (like doorstep lenders).

What I don't get is what conker's business model is.

Posted By: Johnny Comecardiff on June 23rd 2011 at 11:26:13

Message Thread

Great initial interest in Canary Prepaid, over 100 people registered within the first... (NCFC) - conker, Jun 23, 10:53:23
- Will send out to F2C members later fella (NCFC) - Badger, Jun 23, 11:52:15
  - Thanks mate and most definately (n/m) (NCFC) - conker, Jun 23, 11:58:24
- Are there any fees for the owner? (n/m) (NCFC) - Army Boy, Jun 23, 11:42:44
  - It very much depends on the usage, or you talking about using the companion card (NCFC) - conker, Jun 23, 11:48:12
    - Ok, take a concrete example (NCFC) - Old Git, Jun 23, 11:54:35
      - Unless Gitlet particularly wants a Norwich Badge on his/her card (NCFC) - Huge 5mal1, Jun 23, 12:15:06
      - Ok, let me try and answer for you as best I can. (NCFC) - conker, Jun 23, 12:04:05
        
        Thanks, v helpful (n/m) (NCFC) - Old Git, Jun 23, 12:17:46
        
        is there a lower age limit on the companion cards? (n/m) (NCFC) - Jumbo1, Jun 23, 12:05:34
        
        Officially it is 13 years old I think (n/m) (NCFC) - conker, Jun 23, 12:07:05
    - Any fees really? (NCFC) - Army Boy, Jun 23, 11:50:37
      - The current site is the pre-reg one and so there is only the option to express an interest (NCFC) - conker, Jun 23, 11:58:01
        
        If I use it once a day for a month thats nearly ?20 out of my pocket (NCFC) - Army Boy, Jun 23, 12:04:06
        
        Not if you go on the pay monthly scheme (n/m) (NCFC) - conker, Jun 23, 12:06:10
        
        True "only" ?60 a year plus ATM fees !! OMG (n/m) (NCFC) - Army Boy, Jun 23, 12:09:06
        
        Obviously you can look at it that way, however.... (NCFC) - conker, Jun 23, 12:17:12
        
        What is the small monthly fee? And the small fee for cash withdrawals? (n/m) (NCFC) - Yellalee, Jun 23, 12:01:45
        
        For pay monthly (NCFC) - conker, Jun 23, 12:05:45
        
        How are they eradicated? You mean I wouldn't be charged to use an ATM or during purchases? (n/m) (NCFC) - Yellalee, Jun 23, 12:07:54
        
        You will incur an ATM fee, but not an online or instore fee (NCFC) - conker, Jun 23, 12:17:50
- HE'S EXPLOITING THE POOR!!!!! (NCFC) - Tombs, Jun 23, 11:40:08
  - And Garry 2rses and XXL (n/m) (NCFC) - Huge 5mal1, Jun 23, 11:43:28
    - no bounds of deceny at all.. "what was that?" "oh, just conkers morals going on holiday" (NCFC) - Tombs, Jun 23, 11:48:18
- Can I get one? (NCFC) - XXL16, Jun 23, 11:30:35
  - I get one and send you my secondary card but won't put any money on it for you (n/m) (NCFC) - Jumbo1, Jun 23, 11:52:57
  - Don't think so Dave (n/m) (NCFC) - Huge 5mal1, Jun 23, 11:42:46
  - do you really want one? (NCFC) - samcd84, Jun 23, 11:41:49
    - Hahaha (n/m) (NCFC) - Yellalee, Jun 23, 11:53:54
- good luck with it all conker, still not really sure I understand the prepaid concept? (NCFC) - samcd84, Jun 23, 11:18:01
  - 'cashless stadium thing' (NCFC) - Huge 5mal1, Jun 23, 11:32:15
    - no its a club initiative, you add money to your season ticket to pay for food etc (NCFC) - samcd84, Jun 23, 11:36:49
  - There will be an option down the line to use the card for contactless payment (n/m) (NCFC) - conker, Jun 23, 11:31:03
  - The prepaid business model is relatively easy. (NCFC) - Johnny Comecardiff, Jun 23, 11:26:13
    - He said he was a "digital agency". (NCFC) - Arizona Bay, Jun 23, 11:30:59
      - A nice summary. (NCFC) - Johnny Comecardiff, Jun 23, 11:42:07
      - Digital agency and consultancy (NCFC) - conker, Jun 23, 11:32:16
        
        So a marketing agency. (n/m) (NCFC) - Johnny Comecardiff, Jun 23, 11:40:01
        
        We do not manage offline activity, so digital gives a better representation (n/m) (NCFC) - conker, Jun 23, 11:48:41
        
        Oh. (NCFC) - Johnny Comecardiff, Jun 23, 11:53:19
        
        If you say so (n/m) (NCFC) - conker, Jun 23, 12:07:47
        
        Stop being beastly (n/m) (NCFC) - Old Git, Jun 23, 11:54:54
        
        No. (NCFC) - Johnny Comecardiff, Jun 23, 11:56:51
        
        Another WOTB gout victim? (NCFC) - Old Git, Jun 23, 11:59:23
        
        Neither (NCFC) - Johnny Comecardiff, Jun 23, 12:03:35
        
        WOW (NCFC) - Old Git, Jun 23, 12:32:59
        
        ditto (n/m) (NCFC) - Jumbo1, Jun 23, 12:42:36
    - Not sure I understand the question regarding my business model (NCFC) - conker, Jun 23, 11:30:24
    - Actually it is a massive market and is certainly not restricted to the areas you mention (n/m) (NCFC) - conker, Jun 23, 11:29:55
- why would you not just use your debit card rather than pre pay on a (NCFC) - Jumbo1, Jun 23, 11:12:51
  - Lots of reasons (NCFC) - conker, Jun 23, 11:29:06
    - oh, i'll have another butchers at it then (n/m) (NCFC) - Jumbo1, Jun 23, 11:40:06

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