QuidLink Revenue Model:
- Interests from the bank account.
- Profit from Transaction fees:
- Debit Card:
Less than 50£ = 50p
More than 50£ = 1%
so the profit will be 50p or more per transaction. - Credit Card:
Fee = 2.7% where 0.7% is the profit per transaction.
- Debit Card:
In the future we can create a product for merchants and build interesting products around mobile payments and loyalty where Merchants will pay a fee.
Another option is to bind this social payment system with a website that is aimed in selling items socially.
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