Distribution Partners - How It Works 

Distribution Partners will register with Exchange4free and will then be able to offer the Prepaid ZAR Card to their employees.

The Prepaid ZAR Card can be used in the following ways:

• Payroll
• Loans
• Money Transfers
• Cashless Banking Solution

Exchange4free work with a large number of mining companies, agricultural firms, micro-finance institutions and other entities to provide payroll, payment and banking solution to their clients.  

In order to place funds onto ZAR Cash Cards we would require the following:

• Provide Exchange4free with a spreadsheet containing the basic details of cardholders (name, cell phone number) and the amount that needs to be loaded onto each card
• We will then order and personalise a batch of plastics, available for distribution in 3-5 working days  
• As a Distribution Partner, you will collect funds from clients/process internal payrolls and deposit the total ZAR amount to be disbursed into a nominated Exchange4free bank account
• Exchange4free will load these cleared funds onto the cards as per your instruction and issue the personalised cards to you, the Distribution Partner
• As the Distribution Partner you will then distribute the personalised cards to clients who can then use the card as they would any Mastercard bank card throughout South Africa and the rest of the world

Benefits to you as a Distribution Partner 

The Exchange4free Prepaid ZAR card offers our distribution partners the following benefits: 

• Eliminate the exorbitant costs and headaches of dealing with your standard banking channels for simple payout processes.
• Increase staff, customer or agent satisfaction by providing a fully inclusive value added card service at a substantially reduced cost. There is no need to hold a bank account and as such, everyone is eligible!
• Eliminate high banking charges for ad hoc payment runs through a simple bank to bank transfer model, 24/7.
• No need to handle cash again
• Provide users with an easy to use and visually appealing Mastercard product that may otherwise be out of their reach.