PROGRAM REQUIREMENTS

In order to become an authorized merchant partner, you must complete some paperwork and pay some nominal fees as outlined below:

PAPERWORK

Merchant Application and Agreement - This form will provide us with the necessary information to setup your business as a merchant partner. Also, this form will outline the terms and conditions of the agreement.

Sub Dealer Information - This form is required by one of our major suppliers of prepaid wireless.

Dealer Quote Sheet – This form is used to define the discounts your business will receive on each product and service sold.

ACH Form- This form is used for acquiring authorization to capture scheduled or periodic payments by electronic debit.

Void Check – It addition to the ACH Form, your bank in requires us to issue a Voided check in order for us to ACH funds within your account.

COST AND FEES

$100 Setup and Training Fee – not due until you are approved.

$12.50 per month in addition to the .65-$1.25 per transaction if you subscribe to Express Bill Payment Service.

Your may also be required to setup an additional risk escrow account to guard against any ACH and NSF issues. This fund usually ranges from $100 to $500 depending on credit evaluation. Please note that this fund will be returned to you in 90 days if no ACH or NSF issues arise.

ETIME ACCOUNT REQUIREMENTS AND POLICY

After the installation process you will need to add funds to your account so that you can sell your customers the products and services offered by the system.

This account can start at any level between $50 and $500.

Each time you sell your customers one of the products and services your account will be debited the amount of our cost to you. For example, lets assume that you have placed $150.00 in your account. A customer purchases a $25.00 AT&T prepaid wireless pin to recharge his/her prepaid phone. Our cost of the PIN to you is $15.00. Therefore, your account will be debited $15, which will leave you a balance of $135.00.

This process is the same for all products and services sold through our system including the Express Bill Payment. No sale will be processed without the proper amount of funds in your account.

Please note that your original balance level with ETime will be replenished to its original level every day. For example, lets assume you were to open your ETime account at $200. If your business were to sale $100 of products today, we will A) deduct $100 from your account for the products sold and B) we will build up your ETime account to the original $200 limit by withdrawing $100 from your business account and adding the funds to your ETime account. This transaction will take place the next business day.

Please note that you will be able to add additional funds above the $200 limit to your account without it raising the limit of your ETime account. There is a function on the software that will allow you to raise your ETime account balance.