Virtual Prepaid

iQmetrix has made the process of selling prepaid simple. With no physical cards to worry about, theft and inventory control problems are a thing of the past. Never worry about costly stock-outs of prepaid cards and only pay for what you sell. Virtual prepaid is fully integrated with RQ4, allowing you to sell prepaid in one simple software application.

Virtual cards offer your customers the same benefits as traditional prepaid cards while eliminating the need for a physical card. As a wireless retailer, you receive a simplified process that works directly with RQ4 to control theft and inventory levels and eliminate the manual errors associated with prepaid card sales.

Pay Only For What You Sell - Cards are bought and sold in the same moment – saving you time and eliminating inventory errors. RQ4 Virtual Prepaid allows you to keep track of card sales for each carrier separately.

Control Theft - Because there are no physical cards, the risk of theft is completely eliminated.  A non-refundable payment must be made before an ePin is retrieved from the system. RQ4 Virtual Prepaid closes fraud holes with a complete audit trail.

Increase Sales & Profits - Never miss a sales opportunity by not having a particular card or denomination in stock.  RQ4 Virtual Prepaid allows you to expand your prepaid product offerings easily and risk-free.

Enhance the Customer Experience - Reduce transaction time at the point-of-sale by eliminating double entry and give your employees more time to spend with customers.  Make customers happy by being able to offer a wider selection of prepaid products with no stock-outs.

Save Your Business Time & Money - RQ4 Virtual Prepaid allows you to reconcile sales and purchases for each carrier in minutes, not hours. Eliminate the carrying costs associated with prepaid card inventory and free up time spent on ordering and counting cards.

How Virtual Prepaid Works

Point-of-Sale (POS) - At the POS, the customer has the flexibility of purchasing any denomination from any wireless carrier you have chosen to provide.

Prepaid Voucher - Once payment is received and the invoice has been tendered, the customer receives a voucher revealing the number, or ePin, and activation instructions. Once the invoice is tendered, the prepaid products are non-refundable to protect your wireless business from fraud.

Tracking, Reporting and Reconciling - Fully automated processes make it easy to reconcile prepaid purchases and sales. Since purchases and sales happen simultaneously, it is a simple matter to compare the RQ4 sales totals to the iQmetrix Prepaid invoice for the same period. You will never be billed for a product you haven't sold.