Paytoo mobile Sim Card
 

Dear Customers.....

The SIm card will be delivered to Florida, our office April 7, then we will ship all cards to our customers, distributors etc etc

Have a great Easter Week end

Pay too Management

.....and you still have the records of people who have unexpired credit on your previous sim cards?

Yess off course.....

Would you explain the Paytoo fees? Must you use a Paytoo Prepaid Master card? Is there a fee to use a credit card? What about a monthly admin fee with a pre-paid Master card? What about an inactive fee after 90 days? If the Paytoo Master card falls below $15 it is deactivated. Do you lose the $15?

Bear in mind this is a forum about mobile phone SIM cards, not financial products

Paytoo is seeming to combine the two things in a large way. I am not sure I can quite wrap my brain around all that they are trying to combine. a prepaid balance on a SIM card is in some sense financial--look at everyone who has gotten burned. I think many of us will shy far away from any company that combines large balances with a SIM card. Are fingers are fried.

From their website:What that all means: I am not sure. The phrase "unified balance" scares me.

Paytoo Mobile is a suite of products, and you are free to use just a part of them

If you stay at the telecom level, you dont have any fees, if you apply for your prepaid Mastercard, you will have some fees attached to the MC only, but you will be able to make a call by using all telecom services included in your account, to do a Online payment for Ecommerce purpose ( Micro payment using your mobile account ), to transfer some credit to any one in the world ( client or not ) and to also use a prepaid mastercard attached to your account.

and to do a cash in or a cash out in around 200 000 worldwide location today

We just come with what the market of 3 billions unbanked peoples who have an GSM handset request.

Andy will say that it's not a GSM product, It is Andy, Mobile payment, Mobile Transfert are not any more a concept.....we have many MVNO working with us for integrating paytoo in their own SIM cards....

Happy Easter

Paytoo/Yackie email received asking where to send sim card
 

Just got an email from Yackie/Paytoo asking to confirm my name, address, contact phone number, email address and 2 backup password reminders.
They are mailing out replacement sim cards with remaining Yackie balances on them.
It's encouraging that they are honoring the old Yackie balances after all these months, but I'll need to actually receive a usable sim card with the balance to really believe it.

Some interesting things on this offer:

1. Netherlands based sim card. Wonder who the backbone carrier is?
2. Some interesting rates for Caribbean to USA in $USD (my primary interest)
Bermuda: .165
St. Kitts/Nevis: .435
Antigua: .255
Netherlands Antilles: 1.05
Cuba: 2.58
also USA to USA is .585 and Canada to US is 1.53
Bermuda, Antigua, St. Kitts/Nevis, and Antigua are very competitively priced (Bermuda is even less than my Digicel Bermuda card).
Visiting Bermuda end of May to mid June and can confirm rates there then. Will put my Digicel Bermuda card in one slot and the Paytoo sim in the other and compare the two on price, reliability and voice quality.
3. Data is available in some countries.
4. Prepaid MC is not of much use to me (I have regular credit/debit/ATM cards already that offer more perks and without monthly or transaction fees associated with this card). I suppose the direct micro-payment system might be useful to work a cellular enabled vending machine so you don't have to fish for spare change though.

Just a thought for applications on this side of the pond! Would this prepaid MC satisfy Ryanair? i.e. Would they waive their ordinary 5GBP/EUR booking charge per passenger per flight if this product were used for payment? I would guess so, but I have been told that some cards which are marketed as prepaid mastercards, still do not get picked up the Ryanair booking and payment engine.

From: Ryanair Fees

However, on second thoughts I have just seen this from the paytoo homepage: (sorry I missed it first when GadgetKen mentioned it)
This is the same as pretty much all of the other prepaid Mastercards out there. What is point of paying for the luxury of paying, if most of us have other payment methods?? I presume most international travellers that this might appeal to have ordinary credit cards, bank cards etc.

From the 2 mins I have had to browse the Paytoo site, other than that tiny bit in the smallprint, I can see no other details about what the transaction costs are of using the Mastercard. Are they hiding this?

The concept here is not to only offer a prepaid MC to the client, as we are in the prepaid world, as we have half of the world unbanked, but 5 Billion GSM users, we offer a full suite of products who merge the Telecom and the financials services.

It's because we have been developped since few years...

Out top up network, we offer now around 200 000 locatiosn worldwide when you can do a cash in and a cash out from your Paytoo Mobile account

Exemple, deposit made in USA, transfered from your Paytoo to the receiver paytoo and redeemed to the Chinese post office.....

We offer also a Prepaid Mastercard using and sharing your telecom Balance ( Patented Paytoo mobile )

We offer to the user to pay online by using his credit availlable on his paytoo mobile account

all of these services are availlable separatly or all together....

( for the Backbone, it's Vodaphone ......)

I wonder how long before the system falls under the scrutiny of the anti money laundering watchdogs. Offering financial transactions 'on behalf of a third party' at a corner convenience store can be tricky...

Good point! I suppose these sort of services are regulated like Moneygram or Western Union or other favourites of our Nigerian friends. ;)

@YackieMobile... Thanks for your reply, but you are rather good at not answering any questions or points raised in earlier posts such as by FBlack_111 and myself. What exactly are the fees associated with using the Mastercard? Are the terms available to see on your website? I cannot seem to find them.

Some questions ...
 

@YackieMobile: Can you tell us how to order a Paytoo sim card, how much credit will be included and what it will cost including shipping (to Europe)? I can't find this information on the Paytoo website.

@Petkow: The right website to find the terms and fees is paytoomobile.com:
- Paytoo Mastercard Fees
- Paytoo Mobile Rates
- Paytoo Terms GSM
- Paytoo MasterCard Terms
- Paytoo Terms Mobile Wallet

There's one major difference... Both Western Union and Moneygram are licensed in each and every country (in the US and Canada at the state/province level) they operate in. They require the sender to fill out a form with the sender's and recipient’s info and they also require both senders and recipients to show proof of ID. Some jurisdictions have additional requirements to satisfy the 'know your customer' rule.

I feel it would be a bit difficult to to try to license the corner store guy...

Am I the only one that did not notice the cost for incoming calls on the mobile rates page. Just outgoing?

Thanks. There seems to be some difference between the Mastercard fees listed on Paytoo MasterCard Terms and those listed in Paytoo Mastercard Fees
e.g. Monthly Administrative Fee listed as € 2.95 in one place and Free in the other.

No it is there further down when you make a selection between 2 countries.
e.g.

While I agree with Andy we shouldn't delve too much on payment cards on a GSM themed website, it does appear they are intertwined here. The interlinked prepaid MC and money transfer capabilities may be of use to some people. But I agree with you the primary purchasers will tend to be people like ourselves with other forms of payment already available to them. Transaction costs are here: PaytooMobile - Rates and coverage
Rates for mobile phone calls are here: PaytooMobile - Rates and coverage

On the financial regulation of this product to prevent money laundering, they are asking for an address and contact information. However, they could ask for further ID (drivers license or passport number) to further validate customers like I've seen with GSM sim cards for some carriers and/or restrict the amount of money that can be transferred in one transaction or in one day.

On having Vodaphone as the backbone carrier, that is a large well known carrier (with ties to Verizon in the US), so that is a welcome choice.

My interest here is really with the GSM sim card and not the optional financial capabilities(of little use to me other than possibly a cellular enabled vending machine that I haven't seen in the USA yet: http://www.vendingmarketwatch.com/web/online/VendingMarketWatch-News/Coca-Cola-Co-secures-patent-for-cellular-phone-enabled-vending-transactions/1$11068 , but I do wish them well with that aspect of their service. I'm really more interested in their Caribbean to US mobile phone rates...this could save me money for international calls in some instances over my current options.

It seems that Paytoo Mobile has some partners for that. Using call credit vouchers to top-up a Paytoo Mobile is basically the same as depositing credit into a mobile wallet. I hope there is a direct link between Paytoo and Vodafone (NL), but i think it will be via a third party (MVNE) like Teleena.

some of the speculation was never denied - this and the next few posts:

At first glance it would seem "as Yackie puts it" the financial part of the package is to serve the "unbanked" classes in the world. What I don't understand is - why these types of customers would want an international GSM card. The minority of people in this class who can afford a cell phone would get a prepaid in their home country. They obviously don't travel - so what use would they have for the GSM card Yackie is selling?
Seems like 2 different products to serve 2 completely different set of customers.

We are fully regulated, with AML umbrella, financials licence, Money transfer compliance, and we only work with Regulated partners, financials institutions and banks.....we respect the KYC process and we are Mastercard partner...


NO risk.....

Just read correctly the website......PaytooMobile - Rates and coverage

The Card for the European countries will be ship from our French office, and will work in EURO....

You may want to tell your website designer that the incoming calls cost and possibly some other info are not showing up. Looks like it's there, but a style-sheet issue is preventing it from being viewable.

I sent your comment, but when i'm looking here i dont see any issue
PaytooMobile - Rates and coverage

they will take a look any way

It's fixed. Never mind.

Can this be answered? From the two links I posted I see this:

Fees PAYTOO MasterCard® Prepaid card
Monthly Administrative Fee € 2.95

MasterCard Terms and Agreements
Monthly Administrative Fee Free

So which one is it?

Next try...
 

@YackieMobile: And the price of the SIM card is?

this one Fees PAYTOO MasterCard® Prepaid card
Monthly Administrative Fee € 2.95

Sorry , was a typing mistake, thank you for your survey

We dont sell directly the yackiemobile SIM card ( telecom services only ), we let our distributors or white label partner do it themself

We do sell the Paytoo Mobile SIM card online or also through our distributors and partners.....

We sell online for 29,95 EURO or USD with the same value of air time credit

I just registered for my exchange card.

Looking at the website I am not really impressed by the offer.

Voip rates are not competitive. I am using voicetrading and rates are much lower.

Seems like the phone does not have a fixed number you can call only a coutnriy did number that connects to the phone or a special number to sms. This reminds me of the israeli numbers they were using before. You have to give a number for calling and anther for sending sms, yackie correct me if I am wrong.

Incoming call cost to major eu countries is 0.21 euro per minute. This is not competivite. Eu has sent maximum roaming rates for EU operators and those rates are not much higher. Outgoing call rates are lower than the maximum EU set rates.
No free or low incoing roaming charges here.

Many will not be interested in the pay/money part of the yackie solution as this is a forum about mobiles.

Doesn't look like a card I am going to use frequent in the near future but will test it.

Hi Bob,

Where did you find the page to apply for the exchange card (I assume to trade in your former Yackie card) ?

I'm sure I'm missing it. :eek: (need glasses)

Thanks
Yves

BBob, while I do not have the replacement sim yet, the email they sent made it seem like a DID is not a must. The email said the sim comes with a Belgium number and that one can rent a DID if wanted.

I think he means he sent an email to them

The SIM have a native Netherland number, not a belgium.....so incoming call, sms are usable with this number + 31 6......

And you can link any DID you want if needed......

regards

The card have a native number from netherland, usable for incoming call and SMS, it's also the showed caller ID for outgoing call

regards

ps) this forum is for mobile, correct, but half of the word is unbanked and 5 billions users have a GSM, and today remittance, mobile payments, mobile money transferts is the Future.....

That's right. My mistake.

Thanks for the info.

Next question.

What about incoming call cost. When someone calls the dutch +31 phone number will there be free roaming ?
I understand that when someone calls a did number this has to be forwarded to the dutch number and will cost extra.

Can you comment on this ?