Program Summary
MyTime Wallet Product Overview
The MyTime Wallet technology suite is a state of the art payment management system that was created to significantly reduce the costs of moving money to family and friends. MyTime Wallet has created a PayPal type mobile wallet account system that is equivalent to a virtual savings account. It has also integrated an add-on Physical Debit Card, Virtual Card and Up to 3 Companion Cards. By combining and integrating these two products, MyTime Wallet has built a very powerful mobile commerce product suite that has led to an extremely cost efficient money movement strategy within the U.S. as well as internationally.
Mobile Wallet Program (Virtual Savings Account)
Welcome to the Next Generation of Mobile Payments. MyTime Wallet provides a platform that offers financial services, Global remittance, healthcare, insurance, wireless, international long distance with a built-in marketplace all in one super app. We strive to constantly add services and shopping experiences that make it easy to manage your finances and needs, all in one place. Load and Send Money from your Mobile Wallet Account to Friends & Family all over the world in real time!
Debit Card Program
MyTime Offers the ability to add a Physical Debit Card, Virtual Debit Card and up to 3 Companion Cards. Customers can choose to add on an optional Physical Debit Card which will provide them access to domestic and International ATM networks to use anywhere Debit Card is accepted. Money can be FREELY moved from their Mobile Wallet Account to their preferred Debit Card in real time using the MyTime App that can be downloaded in the Google Play Store and IOS App Store!
Virtual Debit Cards can ordered and loaded then linked to Google Pay, Apple Pay, Samsung Pay, PayPal & Venmo to use within your preferred Wallet App for instore purchases.
Up to 3 Companion Cards can be added to a Primary Physical Debit Card Account which is perfect for kids or to mail that card to loved ones abroad. Once they have that companion card, money can be freely moved from the Mobile Wallet Account to the companion card in real time and for FREE. Family members can use the card anywhere Debit Card is accepted and at ATMS around the world.
Mobile Wallet Account (Virtual Savings Account)
NO monthly fee
There are no monthly fees for the MyTime Wallet. This Account can be used as a holding account to send money to friends and family mobile wallet to mobile wallet or directly to your Physical, Virtual or Companion Debit Cards in Real-Time!
Enhanced mobile access
Customers can manage their account on the go using our private label iPhone App, Android App, WAP, and feature robust website.
Free Debit Card transfers
Transfer funds from your MyTime Mobile Wallet account to your Physical, Virtual or Companion Debit Cards in Real-Time and for FREE!
Free account to account transfers
Mobile Wallet to Mobile Wallet account transfers are FREE and in real time.
Request Funds
MyTime Mobile Wallet Users can request funds from other MyTime Mobile Wallet Account User for FREE. Stop paying 3% of your money to request money for the payment of goods and services.
Cheap international calls
Customers can use their Mobile Wallet account and or Debit Cards to make international long distance calls at a fraction of the cost. Stay in touch with Friends and Family Abroad without the hassle or the fees.
'Request Funds' Merchant Payment Processing
MyTime Wallet has the ability to allow large and small merchants to integrate into simple APIs to allow their customers to use the MyTime Wallet "Pending Payments" Request funds functionality. Customers can use funds on their mobile wallet to pay for a merchant's products and services but with NO merchant costs and expensive chargebacks. This saves merchants 1.5% to 3% of their revenue and eliminates 2%-3% bad debt.
Mobile Wallet (Pricing)
| Transaction | Cost |
|---|---|
| Load funds from any U.S. checking/savings account | $1.00 per transaction |
| Transfer funds to any U.S. checking/savings account | $1.00 per transaction |
| Load funds from a credit card (limit of $250 per individual load) | 5% of transaction |
| Transfer funds to/from one mWallet user to another | FREE |
| Transfer funds to Debit Card | FREE |
| Request Funds / Micro Payments Merchant Processing | FREE |
Physical Debit Card
Low cost, full service fulfillment
Physical Debit Card(Retail Pricing)
| ALL FEES | AMOUNT | DETAILS |
|---|---|---|
| Get Started | ||
| Card purchase fee | $0.00 | Cost for your plastic card |
| Card activation fee | $0.00 | Cost to activate card |
| Account registration fee | $0.00 | Registering your account |
| Monthly Usage | ||
| Monthly fee | $0.00 | Monthly charge taken from card balance |
| Add Money | ||
| Retail load | $2.00 | Loading funds at a retail location* |
| Direct deposit | $0.00 | |
| Bank-to-card transfer | $0.00 | Transferring funds from a bank to your card |
| Spend Money | ||
| POS PIN debit purchase | $0.00 | Using your PIN for a purchase |
| POS signature purchase | $0.00 | Using our signature only for a purchase |
| POS PIN purchase (declined) | $0.00 | Point of sale transaction declined |
| POS SIG purchase (declined) | $0.00 | Signature transaction declined |
| Get Cash | ||
| ATM withdrawal fee (US) | $1.95 | ATM cash withdrawal |
| Bank teller withdrawal | $2.00 | Withdrawing funds from a bank |
| ATM withdrawal (declined) | $0.50 | ATM cash withdrawal declined |
| Information | ||
| Customer service (live agent) | $0.00 | Live agent support fee |
| ATM balance inquiry | $0.50 | Checking your balance at an ATM |
| Using Your Card Outside the U.S. | ||
| Foreign Exchange Fee | 3% | Fee if card is used outside of the United States |
| ATM withdrawal (int’l) | $2.50 | Withdrawing money from an ATM outside of the US , a foreign exchange fee of 3% will apply |
| ATM withdrawal (declined) (int’l) | $0.50 | ATM decline fee |
| POS PIN debit purchase (int’l) | $0.00 | POS debit PIN purchase using chip or magstripe |
| POS signature purchase (int’l) | $0.00 | POS debit signature purchase using chip or magstripe |
| POS PIN purchase (declined) (int’l) | $0.00 | POS debit PIN decline using chip or magstripe |
| POS SIG purchase (declined) (int’l) | $0.00 | POS debit signature decline using chip or magstripe |
| Other | ||
| Inactivity | $3.95 | Inactivity begins after 120 days after the last transaction in the account |
| Close card | $0.00 | Fee to close the card |
| Replace card | $0.00 | Fee for replacing a lost/stolen/closed card |
Customer Identity Verification Requirements
Customers that wish to not have a greater balance on their account than $500 do not have to have their identity verified. If customers go through a quick identity verification, then they can keep a max balance of $20,000 on their Debit Card. To run identity verification, customers are just required to provide their Name, Address, SS# or TIN.
International Move Money
Customers can purchase additional cards and mail those cards to their loved ones anywhere in the world. Once you family member has a card you can then move money from your mWallet account to their Debit Card in real-time and at no cost. Card holders can use anywhere their card anywhere Debit Card is accepted and can take out funds at virtually any ATM worldwide. This money movement technology costs a small fraction of the cost of all other money movement services. Plus all accounts have their own account number and routing number and all funds are even FDIC insured.
Account Balance Separation Strategy
Your Mobile Wallet account was created to be a savings account. The Mobile Wallet account and Debit Card account has been built so that they each have their own separate account balances for more versatility of use. Money can be moved freely from one Mobile Wallet account to another and money can be moved to the Debit Card in real time and at no cost to the consumer.
iOS and Android Data Application
MyTime Wallet has built an iPhone App, Android App, WAP, and online computer website to allow customers to manage their money. The Mobile Apps and the WAP site allow customers to untether themselves from their computer and securely manage their money remotely.
ANDROID
iPhone