Introduction to VavoPay
The user downloads the Vavo Pay mobile application.
The user logs in / creates an account.
The user inputs their financial information.
In App Purchase
The user visits a VavoPay vendor location.
Vendor locations are mapped within the app.
The user scans the vendor’s QR code.
A green tick or red cross is displayed.
The vendor receives messages to confirm or deny the transaction.
The user is given $20 by the vendor.
The vendor is added to the leads database.
Platform TBA > Connects to Clicksend via Zapia
The vendor is contacted regarding Vavo Pay participation.
Phone - Call Centre inbound / outbound
VoiceMail - Direct2Voicemail
Eligible vendors are sent a welcome pack.
Email - Letter + Printable - Clicksend
PostCard - Instructions + QR - Clicksend
The vendor downloads the DollarPay mobile application.
Vendors can also register on the DollarPay website.
Vendors may be signed up on their behalf.
A welcome pack is delivered to the vendor.
Postcard - Clicksend
eMail - Clicksend
SMS - Clicksend
The vendor inputs their vendor locations.
The vendor inputs their financial information.
The vendor receives a welcome pack.
The pack includes QR codes in different formats.
The vendor can also download their welcome pack.
When a user scans the vendor’s QR code.
The user is approved for $20
The vendors account is credited $20.50
The vendor is paid into their bank account per schedule.
Vendors can lock their payouts to earn interest.
30 day lock at 4%
90 day lock at 5%
When a user scans a vendor’s barcode.
The users financial account is debited $25.00
The vendors DollarPay account is credited $20.50
Funds are allocated depending on the lockup period.
Vendors are provided with the option to chose payout settings within the app:
Lock in deposits to earn interest. .
Receive a bank settlement.
During the 365 day financial period:
Cash is invested
Revenue: $25 per user per transaction.
Profit: $4.50 per user per transaction.
Profit: Returns from invested vendor deposits.
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