First of all, GreenZap understands the value of a customer. By giving away money to people who open free online spending accounts, that's another way of saying... "we are willing to invest in our members".
Now, here's a quick breakdown:
PayPal is worth $6-8 billion dollars. PayPal has between 60-80 million members. In other words, each of those members is worth about $100 to PayPal. GreenZap understands this and is willing to pay for its members in advance. That's where the initial $25 comes in as well as the community rewards of anywhere from $5-30 more dollars. This is an ingenious way to quickly build a loyal community of GreenZap members...
Google "paypal" and see what you find...
www.paypal.com then...
www.paypalsucks.com
www.paypalwarning.com
As you can see, PayPal's community isn't very "Zappy". In stark contrast, GreenZap is focusing on building a strong, loyal community by offering incredibly generous rewardz for those who help build it!
$1.00 per transaction fee
Compare $1.00 to PayPal's [1.9%-2.9% + $0.30] transaction fees and its easy to see who's focusing on offering value to their community and who's not.
Is GreenZap Really Giving Away FREE Money?
Yes. Think of it this way, at $1.00/transaction, GreenZap will eventually get their money back once you use your GreenZap account to transact 25 times.
How Can I Profit With GreenZap?
As a promotion - Do you know of any businesses that currently give away gift cards as promotions? Show them how to give away $50 (and let GreenZap foot the bill). Honestly, which would you rather have: a gift card or $50?
As a way to help out non-profits and charities - Every organization you can think of would be able to offer $50 to it's members, partners, etc. and make money for helping build the GreenZap community.
As a consumer - Imagine wanting to buy a product for $100 and having the option of paying with a GreenZap "buy-me" button or a PayPal button. GreenZap is offering $50 to anyone (who doesn't already have a GreenZap account) to pay with that button. Which payment option would you use?
As a merchant, imagine the same scenario - The merchant is basically offering a $50 instant rebate by providing a GreenZap payment option. Do you think you could sell more products if you offered an instant $50 rebate? How many of you market ebooks and software for $50 or less? This is a way for you to basically give your products away for free and still get paid. Add the additional referral rewardz and its likely they'll just get rid of the PayPal button.
As anyone who accepts/receives payments, imagine the same scenario - Someone wants to send you $100. If they send it through PayPal, you will receive [$100 - (1.9% + $.30)] or $97.80. With GreenZap you will receive $100 - $1.00 or $99. That's a savings of $1.20. Now do it on a $1000 transaction... With PayPal you would forfeit $19.30. With GreenZap that same trasaction cost you $1.00.
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Thread: How GreenZap WorkZ
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17-12-2005, 01:54 PM #1
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How GreenZap WorkZ
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18-12-2005, 06:33 AM #2
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Marek how do you get a debit card? I think they said you get one when
you make a buy but how can you buy if you dont have a card?
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18-12-2005, 07:28 AM #3
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That "debet card from GreenZap is merely one to be used as a withdrawal convenience subject to a "credit" balance amount that it has in your available cash". To buy "items or goods' online, you can execute it with the Available Webcash that supports it.
The DC is soon to be delivered however, no fixed date is set although I had word from the CEO personally on the phone that it would be soon and I was made to expect by earlyJanuary or much sooner, but like me, I too will have to wait for that outcome.
If you are in the USA and you have a Bank acct, you don't really need to wait that long, just determine how you wish to have your Available Cash (within your Back Office / My Account section) be wired or despatched by Cheque and it will reach you sooner while it will take several days longer for those living outside the United States.
YB.Last edited by YogiBrood; 18-12-2005 at 07:47 AM.
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