WWW.PAGOSALDO.COM
The Cash-based
Credit Network
for Local Trades
The credit network
trace (cash) payments transactions
among Buyers and Sellers
for local area trades
1. Buyer make a top-up charge so
Seller take money in advance
2. Seller emit to Buyer some
cashbacks for future purchases
v. 25 April 2015 (c) Giorgio Robino
1
LOCAL TRADES ?
2
In any commercial trade there are two actors:
Buyer
(
B
) and
Seller
(S)
S
own a phisical store (
in-store
trades), funded off-line business
and can sell also
online
B and S know each other personally: they live in the same local area
(city)→
B and S can meet each other BY-PERSON
Any Shop (retail in-store commerce)
e.g. fresh food shops, bakeries, grocery, supermarkets, etc.
3
Any manufacturing, any point of sale (B2B/B2C)
e.g. pharmacies, gas stations, services delivery, artisans, etc.
Recurrent services supplyers, bookings, subscriptions
e.g. ristorants, taxi, vending machines, tickets for parking/trains, etc.
Which kind of business ?
In-Store Trades + Online Payments
4
B
buy PRODUCT or SERVICE from
S
:
In the shop (in-store) and/or online (e-commerce)
Goods or Services delivery:
At the seller/service supplyer
Home delivery:
delivery by delivery
man at the buyer home
Payments scenarios:
1. By-Person payment
Purchase/Recharge
in-store
with cash (
B
meet
S
, give him money)
2. Online Payment
(Online Pay)
in e-commerce (as with a prepaid card)
Balance Accounts? E-wallets?
Balance account
between
B
and
S
is stored on
pagoSALDO
e-wallet
Balance account total up credit/debit
of all payment transactions between
the buyer and the seller
pagoSALDO
platform archives on a
secure cloud repository all payment
transactions data:
1. Seller E-wallet
:
list buyers' accounts
2. Buyer E-wallet
:
list accounts with each seller
5
Balance Account: credit, debit ?
Initial status ( balance = 0 )
At begin balance is null
Credit (
balance > 0
)
B
own a
credit
with
S
Because B has previously rechared
Debit (
balance < 0
)
B
have a
debit
with
S
B get in debt
6
Credit = Cash + Cashback
Cashback (re-credit)
Virtual money that Seller credit on
the Seller-Buyer account
for future purchases
Cashback is like a prearranged
discount (“coupon”). It incentivate
purchases and create fidelity
Cashbacks add up to recharges
made by B with real money (cash or
other electronic currency), totaling
totaling up the final balance:
Balance =
recharges + cashbacks
- purchases
7
By-Person Purchase / Recharge
Buyer digit his secret PIN or
contactless authentication with a proximity protocol (NFC)
8
pagoSALDO + E-commerce
pagoSALDO seller home page could contain products listing
for a direct online shopping
9
Online Payment (on e-commerce)
Buyer purchase on an agreed upon ecommerce
(third party or
by pagoSALDO). PIN+passcode (or app) authentication
10
1 account ↔Many people ?
Seller Account: owner + working team
In store:
owner + workers (check-out) + delivery men
Multi-device solution (for workers)
1 account for S, working team use the same account
Single-device solution (SALDO-box)
:
1 tablet at the check-out in the shop
Buyer Account: owner + family
1
single account for any FAMILY
B share with famility the account with S.
Any person in familiy can purchase with the account
11
Not just Cash ?
ANY CURRENCY OF EXCHANGE
Platform is agnostic to the sharing currency:
Any payment is theorically compatibile:
debit/credit cards, bitcoins, food stamps, etc.
CASH MONEY FIRST
Cashs in current currency are the default currency:
I's simple, without any commission/fee/hidden costs
(costs are always present in credit/debit/virtual
cards)
Cash is the more convenient solution
for retailers/storekeepers
12
Buyer Benefits
PRICE CONVENIENCE
Cashback allow
real disconts
(and customization/control
)
EASY TO PAY
Instore payments: time saving, no
coins/changes
Online payments, no cards, no additional costs
DIGITAL TRACEABILITY
All transactions are traced on e-wallets
ABLANCE AMOUNT “TOLERANCE” (TBD)
Customer
B
could get in debt
Thershold S established by S ( by default S = 0 )
13
Seller Benefits
CASH MONEY IN ADVANCE +
BUYER FIDELITY!
CUSTOMER PROFILING + INFOCOMMERCE
Discounts based on the B purchases/profile analysis
Online/offline advertisement and newsletters
to cutomers part of the Seller network
EASY BY-PERSON SALE
No coins. Time saving at check out
ONLINE SALES WITHOUT BANKING COSTS
E-commerce. No payment service providers costs,
no banking costs
DIGITAL TRACEABILITY OF ALL PAYMENTS
14
Giorgio Robino
www.giorgiorobino.com
e-mail:
giorgio.robino@pagosaldo.com
Contact
15