Dear Randy,
I trully believe that getting a TCurrency License ideally helps to increase sales. You would have introduced another line of product which potentially should sale. However there are other factors that you need to consider.
1. TCurrency from your LPay Merchant are purchased by SFI Affiliates & PRMs in your Country. Therefore other available payment options to SFI are in direct competition with you.
2. The number of SFI AFFILIATES &PRMs in your country who have access to your ECA, physically or online counts a lot. The more they are & the more they know about your LPay Merchant?ECA the better for you.
3. The general public's access to banks and to various bank cards & how easy it is to transact with these cards will determine/influence the demand for TCurrency by SFI AFFILIATES in your country.
4. The laws in your country surrounding FOREIGN EXCHANGE & "externalization" of funds will also come into play. These might work for or against you.
Therfore, what you might need to do to capitalise on the LPAY MERCHANT line is as follows;
1. Get to know the SFI Affiliates in your country through the Country Leaderboard for example.
2. Befriend as many as you wish, through a2a and introduce your ECA to them.
3. Use all the possible means that you can, that will catch the local SFI AFFILIATES & PRMs, to advertise your ECA. You know your country's networking better than anyone else, so go for it.
4. Where possible/feasible, have meetings with other AFFILIATES to forward the SFI AGENDA for everyone and in turn introduce yourself & your ECA.
5. Maybe you need to understand the dynamics surrounding banking, Bank cards, FOREX & transactions first even before going the LPAY MERCHANT route.
I wish you all the best in SFI
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Dear Randy,
I trully believe that getting a TCurrency License ideally helps to increase sales. You would have introduced another line of product which potentially should sale. However there are other factors that you need to consider.
1. TCurrency from your LPay Merchant are purchased by SFI Affiliates & PRMs in your Country. Therefore other available payment options to SFI are in direct competition with you.
2. The number of SFI AFFILIATES &PRMs in your country
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