Setup as a Tagcash Agent today to handle cash in and cash out requests from Tagcash Wallet customers. Set your own rates.
Any remittance agent can become a Tagcash CICO agent by registering through the Tagcash Wallet app or website, creating a merchant account, verifying the account and uploading your remittance license. As long as you maintain a balance of 10,000 Pesos, you will appear on our list of registered tagcash Agent for our wallet users to find, and you will be able to send and receive money from customers.
CASH IN - Customers present their email, mobile number or Tagcash ID and give cash for crediting to their account. Using the Tagcash Wallet mobile app, the Agent searches for customer or scans the Tagcash ID QR code and instantly sends the money to their account, less a fee of 2% or less (the agent can set the amount to less if needed).
CASH OUT - Customers present their email, mobile number or Tagcash ID. Using the Tagcash Wallet mobile app, the Agent searches for customer or scans the Tagcash ID QR code and uses the Charge button to charge the user the amount due to be withdrawn. The customer enters their PIN code and the amount is deducted and transferred to the Agent, who can now give the cash less the agent fee. The customer can use 2 factor authorization, so the agent would wait untill that is complete and the charge is confirmed.
CUSTOMER REGISTRATION & VERIFICATION - For new customers to the Tagcash Wallet, agents can register and verify customers (Tagcash does the verification online while you wait). Agents earn 100 TagCoin cryptocurrency which is added to their wallet as soon as the customer is verified. Agents can use this currency for services in tagcash, sell to customers or trade for money later. Customer would supply basic data, a government issued ID, and a selfie holding their ID next to their face. Once verification has been done, customers can now cash in and out through the agent.
VOUCHER CREATION AND REDEEMING - Voucher codes can be created by verified users, made open or assigned to a Tagcash customer, and sent or shared to anyone. Only a verified customer can redeem these vouchers. An agent can do it for the customer or the customer can do it themselves if they have access to the Tagcash Wallet application. The customer can then cashout from their account as above.
Please chat to us via our chat box if you would like to learn more or need guidance.
Tagcash is a digital wallet developer and platform, building blockchain solutions on Distributed Ledger Technology. Tagcash is regulated by the central bank of the Philippines (BSP), and is authorised as an Electronic Money Issuer (EMI) - https://tagcash.com/emi.pdf